Debt Review Removal
What is Debt Review Removal?
Debt review removal is a legal process that allows individuals to exit the debt review program, either because they have successfully settled their debts or can now manage their financial obligations independently. Debt counsellors and legal teams assist in formally withdrawing from debt review, ensuring that clients receive the necessary clearance certificate and have their records updated with credit bureaus.
Benefits of Debt Review Removal
- Rebuild Your Credit – Once removed from debt review, you can start improving your credit score.
- Regain Financial Independence – Take full control of your finances and work directly with creditors.
How to Undergo Debt Review Removal
Choose a Trusted, NCR-Accredited Provider
Select a reputable debt counselor registered with the National Credit Regulator (NCR). NDF has extensive experience in successfully handling debt review removals.
Consultation & Financial Assessment
A NDF counselor, along with a legal expert, will assess your financial status and determine your eligibility for removal.
Legal Process Initiation
If you qualify, the legal team will file an application in the magistrate’s court to formally remove your debt review status.
Credit Bureau Updates
Once the court grants approval, credit bureaus will be notified to remove the debt review flag from your profile.
How Long Does Debt Review Removal Take?
The timeline varies depending on individual circumstances. Providing all necessary information and documents promptly can help speed up the process.
Steps to Officially Exit Debt Review
you will need to:
Settle Outstanding Debts
Ensure all debts are paid as per your debt review agreement or as directed by the court.
Obtain a Clearance Certificate
Your debt counselor will issue a Clearance Certificate (Form 17.2) to confirm you are no longer under debt review.
Credit Bureau Notification
Your debt counselor will update all credit bureaus to remove the debt review status from your record.
Important Considerations
While NDF prioritizes your case, legal proceedings may take time.
Not everyone qualifies for removal; your financial status will be carefully evaluated.
Working with an experienced debt review removal team like NDF ensures a smooth process and the best possible outcome. NDF also offers debt mediation services to help you stay on track financially.