Debt Review Status Removals
Are you under debt review, settled all your debt or are you no longer over-indebted? You can remove your Debt Review Status and return back to normal.
Why choose us for Debt Review Status Removal
- Easy Online Application Process
- 24-hour feedback – Get to know if you are eligible
- Obligation free assessment
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What is debt review status removal?
Many consumers who have previously used the debt review process as a way to gain relief from their financial situation, have found that after some time, their financial situation changes for the better and that they no longer require debt review assistance.
Unfortunately, Debt Counsellors are not allowed to remove a debt review status under the terms of the National Credit Act, unless a client has paid off all of the debt under the process in full.
This situation can become extremely frustrating to consumers who are no longer over-indebted. Many consumers find themselves in a position where their financial situation has drastically improved while under debt review and they no longer need to continue to have this status reflecting against their name.
We will bring an application to court for a magistrate to declare you no longer over-indebted and remove your debt review status.
Why choose DS4U Legal Services?
With a proven track record, exceptional success rates and our easy online application process, we’re pretty sure we can assist you if you meet the criteria.
We also have a lot of hands-on-experience with the entire debt review process. This means we actually understand and interpret the underlying laws that constitute the entire debt review process.
Our professional service is personal, and we care about your financial situation, we will handle it uniquely and discuss the different routes availible to ensure the lowest cost and largest financial impact to your application.
When can debt review status be removed
Where all debt under the debt review process has been settled in full:
In a situation where you have followed through with the debt review process to such a point that you have now paid all of your debt off in full. Your Debt Counsellor must then issue you with an official Form 19 Clearance Certificate and ensure that the status is removed with all Credit Bureaus.
Where all debt under the debt review process has been settled in full, except a Home Loan:
In a situation where you have followed through with the debt review process to such a point that you have now paid all of your debt off in full. (With the exception of a Home Loan where there are no arrear payments in terms of the distributions via the debt review process.) Your Debt Counsellor must then issue you with an official Form 19 Clearance Certificate and ensure that the status is removed with all Credit Bureaus. You will then make payment directly towards your home loan and the creditor will be free to enforce their rights in terms of the credit agreement set out by the National Credit Act.
Where all debt under the debt review process has not been settled, but the client is no longer over-indebted:
In a situation where you have been under the debt review process. Your circumstances have improved to the point where you no longer need the debt review process for relief, but you still have outstanding debt. Your Debt Counsellor will not be able to remove the debt review status. You will need to make an application to the court in order to be declared no longer over-indebted. If there is a debt review court order in place, this will need to be rescinded before you can have your debt review status removed.
What is the process to remove my debt review status?
- Are you in a position to go back to paying your original contractual instalments to your creditors and no longer require the relief of the debt review process?
- You can apply online
- We will do a free assessment for your application
- We are able to assist you in making an application to court to declare you no longer over-indebted – you must ensure you are in a financial position to do so.
- Should your debt review status be successfully removed, you will resume with honouring your original contractual agreements and the creditor/s are then free to enforce their rights in terms of the credit agreement/s set out by the National Credit Act.
ABOUT US
We pride ourselves in our ability to provide our customer with legal services that will allow them to achieve their financial goals with the South African judicial system.
Years of experience combined with our ruthless ambition to over-achieve by providing turn-key legal services ensure that we offer our customer viable and attractive solutions.
Our team is well versed in the highly refined service set we provide, this ensures that we can provide customers with rapid services, backed by our experienced commitment.
OUR SERVICES
We offer the following services
DEBT REVIEW REMOVALS
ADMINISTRATION ORDER REMOVALS
SEQUESTRATIONS
JUDGMENTS REMOVALS
SECTION 65 PROCEEDINGS
REASONS CLIENTS CHOOSE US
QUICK TURNAROUND TIMES
Our dedicated team puts a heavy focus on rapid response and continuous feedback to our loyal client base.
CLIENT COMMITMENT
At DS4U Legal, our first and most important commitment lies in the trust and service offered to each of our clients.
SPECIALISED SERVICE
Since we only offer a few services, they are highly specialised ensuring you get the best service provided to you.