Debt review is a legal process created by the National Credit Act to help South Africans who cannot afford their debt repayments.
A registered debt counsellor reviews your finances and works with your creditors to:
• reduce interest rates
• extend repayment terms
• combine your debts into one affordable monthly payment
While under debt review:
• creditors cannot harass you
• legal action is paused
• you cannot take new credit
Once all your debts are repaid, your debt counsellor issues a clearance certificate and the debt review flag is removed from your credit report.
Debt review gives you legal protection and a structured path to becoming debt-free.