Will I Lose My House or My Car Under Debt Review
No. In fact, the core purpose is to help protect your home and your vehicle from repossession.
This is often the first question we hear, and rightly so. These are not just possessions. They are essential to your daily routine, your work, and your family life. The fear of losing them is real, and we understand that.
That is exactly why this program exists.
If your credit providers are starting to take legal steps, like threatening to repossess your assets, entering the process can shield you. It offers immediate legal protection, stopping creditors from moving forward with repossession as long as you act in time.
But timing matters. If legal action has already gone too far, like a summons being issued, it may be too late to stop the process. If you have gotten any legal letters or just feel like things are spinning out of control, do not wait, we are here to help you hold onto what matters most.
This is often the first question we hear, and rightly so. These are not just possessions. They are essential to your daily routine, your work, and your family life. The fear of losing them is real, and we understand that.
That is exactly why this program exists.
If your credit providers are starting to take legal steps, like threatening to repossess your assets, entering the process can shield you. It offers immediate legal protection, stopping creditors from moving forward with repossession as long as you act in time.
But timing matters. If legal action has already gone too far, like a summons being issued, it may be too late to stop the process. If you have gotten any legal letters or just feel like things are spinning out of control, do not wait, we are here to help you hold onto what matters most.
Will Debt Review Affect My Credit Score
When you apply for debt restructuring, a flag is added to your credit profile. This means you legally cannot apply for new credit or use current credit cards while under review.
This is not punishment, it is protection. We are getting you out of the debt trap and by temporary blocking access to credit, we can, together, focus on the current debt problem.
And here’s the best part, it’s not forever.
Once you’ve completed the process, you’ll receive a Clearance Certificate. This is sent to all credit bureaus, who must remove the flag from your record.
That gives you a clean slate to rebuild your credit score and move forward.
It’s a temporary pause with long-term benefits.
Think of it as a reset button for your financial life, not the end, but the start of a new chapter.
This is not punishment, it is protection. We are getting you out of the debt trap and by temporary blocking access to credit, we can, together, focus on the current debt problem.
And here’s the best part, it’s not forever.
Once you’ve completed the process, you’ll receive a Clearance Certificate. This is sent to all credit bureaus, who must remove the flag from your record.
That gives you a clean slate to rebuild your credit score and move forward.
It’s a temporary pause with long-term benefits.
Think of it as a reset button for your financial life, not the end, but the start of a new chapter.
Is this process expensive? What Are the Fees?
We understand that if you’re considering this program that money is already tight, and affordability is likely one of your biggest concerns. That is exactly why the fees are carefully regulated by the National Credit Regulator (NCR) to protect you.
There are no upfront costs. We don’t even charge the usual R50 upfront assessment fee. Instead, the fees are covered by your first one or two affordable monthly payments.
The main fee for restructuring your debt is equal to your first reduced monthly payment but it is capped at R8,000 (excl. VAT) for a single person, no matter how much you owe.
So even though your debt might feel overwhelming, the cost of help stays fair.
And since this fee structure applies to all registered debt counsellors, you can be sure you are not being overcharged.
There are no upfront costs. We don’t even charge the usual R50 upfront assessment fee. Instead, the fees are covered by your first one or two affordable monthly payments.
The main fee for restructuring your debt is equal to your first reduced monthly payment but it is capped at R8,000 (excl. VAT) for a single person, no matter how much you owe.
So even though your debt might feel overwhelming, the cost of help stays fair.
And since this fee structure applies to all registered debt counsellors, you can be sure you are not being overcharged.
Will my creditors stop harassing me
Yes. Once your application is accepted, creditors will have to stop contacting you directly.
The National Credit Act provides you with immediate legal protection from the stress of endless calls and demands. From that point on, they must communicate with us, not you.
If a creditor does call, you don’t have to engage. Simply tell them you are under debt review and provide them with our details. We do however provide them with a legal notice on your behalf (known as a Form 17.2), which officially informs them of your status when we’ve accepted your application.
And if anyone ignores the rules? Let us know immediately. We will handle it.
We are here to be your shield. Our job is to protect you—that’s the law.
The National Credit Act provides you with immediate legal protection from the stress of endless calls and demands. From that point on, they must communicate with us, not you.
If a creditor does call, you don’t have to engage. Simply tell them you are under debt review and provide them with our details. We do however provide them with a legal notice on your behalf (known as a Form 17.2), which officially informs them of your status when we’ve accepted your application.
And if anyone ignores the rules? Let us know immediately. We will handle it.
We are here to be your shield. Our job is to protect you—that’s the law.
Can I Cancel or Exit Debt Review Early
Yes, but as it’s a formal legal process, it must be done correctly. Always speak to us first. There are two main ways to exit:
Completing Your Plan
You receive a Clearance Certificate once:
All your debts are fully paid, OR
Your short-term debts are settled, and only your up-to-date home loan remains.
This certificate clears the flag from your name completely.
Withdrawing from the Process
The path here depends entirely on timing:
Before we notify your creditors (by issuing a Form 17.2), you can still withdraw your application.
After creditors are notified, only a Magistrate’s Court can declare you ‘no longer over-indebted’. This is a standard legal step.
Once the court order is granted, we can then clear your name. The most important step is to always to talk to us first.
Completing Your Plan
You receive a Clearance Certificate once:
All your debts are fully paid, OR
Your short-term debts are settled, and only your up-to-date home loan remains.
This certificate clears the flag from your name completely.
Withdrawing from the Process
The path here depends entirely on timing:
Before we notify your creditors (by issuing a Form 17.2), you can still withdraw your application.
After creditors are notified, only a Magistrate’s Court can declare you ‘no longer over-indebted’. This is a standard legal step.
Once the court order is granted, we can then clear your name. The most important step is to always to talk to us first.