Our firm specialises in all consumer-creditor related matters including legal services and assistance with the removal and clearance of debt review listings.
In terms of the National Credit Act, debt counselling services can be cancelled and suspended at any time as a consumer has the right to choose to make direct payments toward their own accounts if they are in a better financial position, and therefore they are not obliged to make use of a debt counsellor’s services.
However, the debt review status and debt review listing will still remain to reflect on a consumer’s name and credit profile whether or not the consumer has cancelled the debt review services and/or elected to make direct payments to their own accounts.
Such a debt review listing will automatically prevent a consumer from applying for credit or any other financing such as vehicle or property finance. A debt review listing also negatively effects a consumer’s overall credit score.
A debt counsellor does not have the statutory powers in terms of law to remove and clear a debt review listing reflecting on a consumer’s name and credit records.
The debt review clearance process involves a formal court application which is a legal process our firm assists with in order to clear and remove a debt review listing from a consumer’s name and credit profile at all registered credit bureaus.