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How much does it cost to remove debt review in South Africa?

Free debt review removal does not exist

If you have your paid-up letters from creditors, it can cost you as little as R1150 to remove the debt review status in South Africa. It's very important to note that free debt review removal does not exist. There will always be fees involved. Anyone claiming they can remove your debt review status for free is likely trying to scam you. 

If you don't have your paid-up letters, Meerkat can still help you. It will just cost you a little more because we will have to get those paid-up letters first. 

MyMeerkat FSP is an authorised financial services provider (FSP 50979). We've also been voted as one of the top 5 national debt counselling companies in the country!

Start your debt review clearance online application >>

*Banks like Nedbank do not offer debt review, but debt counsellors do liaise with them if you have any loans or credit at different banks. 

How do I cancel debt review in South Africa?

You can cancel debt review in South Africa by getting a registered debt counsellor to remove the debt review flag from your credit report. Meerkat has registered debt counsellors and you can complete this process, completely online!

Start your debt review clearance online application >> 

What do you need to be eligible for debt review removal?

To be eligible for debt review removal, you must meet at least one of the following criteria:

  • You must have settled all your debt according to your debt review repayment plan.

    OR
  • You must have settled all your debt according to your debt review repayment plan other than your home loan (bond).

    OR
  • You must have settled all your debt and the only debt you have not paid in full has prescribed. 

    Read this blog post to find out more about prescribed debt. 

Start your debt review clearance online application >>

FAQs about the debt review removal process:

1. How do I get debt removed from my credit report?

The best way to get debt removed from your credit report is to pay up your debt in full. 

The only other way is if you debt has prescribed. Read more about prescribed debt here. 

2. How long does it take to remove the debt review flag?

If you are eligible to be removed from debt review, it can take just 10 days to remove the debt review flag from your credit report.

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