How Long Does Debt Review Last in South Africa?
If you're considering or already under debt review, a common question is: How long does debt review last? The answer isn't the same for everyone — it depends on your unique financial situation. In this post, we'll break down exactly how long the debt review process typically takes and what factors affect the timeline.
What Is Debt Review?
Before we dive into timelines, let’s quickly recap what debt review is.
Debt review is a legal process designed to help over-indebted South Africans restructure their debts into one affordable monthly payment. Under debt review, you are protected from legal action by creditors, and your assets are safeguarded.
Average Duration of Debt Review
Typically: 3 to 5 Years
On average, debt review lasts between 36 to 60 months (3 to 5 years). However, some people may complete the process in as little as 24 months, depending on how aggressively they pay off their debts.
Factors That Affect How Long Debt Review Lasts:
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Total debt amount – The more debt you have, the longer it may take to repay.
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Interest rates negotiated – Lower negotiated rates can shorten the period.
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Your repayment capability – The more disposable income you can allocate, the faster you'll finish.
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Commitment to extra payments – Making additional payments or lump sums can significantly reduce the time.
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Type of debts – Home loans, credit cards, personal loans, and vehicle finance may all affect the duration differently.
Can You Finish Debt Review Sooner?
Yes! Here’s how you can speed up the process:
✅ Increase your monthly payment when you get a salary increase or bonus.
✅ Pay off smaller debts early (called the snowball method), allowing more money to go toward larger debts.
✅ Avoid taking on new debts — under debt review, you can’t access credit, which helps focus your repayments.
What Happens Once Debt Review Is Completed?
Once all your debts under review are paid in full:
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Your debt counsellor will issue a Clearance Certificate (Form 19).
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Credit bureaus will remove the debt review flag from your credit profile.
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You can start rebuilding your credit score and regain access to credit if needed.
👉 Learn more: What Is a Clearance Certificate and How Do You Get One?
Frequently Asked Questions
Can I exit debt review early without paying off all debts?
No, the process requires that all included debts are settled in full before you can exit.
What if I struggle to make payments during debt review?
Always communicate with your debt counsellor. They may be able to renegotiate terms temporarily, but missing payments can extend the duration.
Take Control of Your Debt Today
At Meerkat, we guide you every step of the way — from starting debt review to receiving your clearance certificate. Our experienced debt counsellors will help you create a repayment plan that works for you.
Start your journey to financial freedom today!
👉 Apply for Debt Review Now
👉 Or Speak to One of Our Friendly Consultants on 021 003 4535