Removal of Debt Review


There are two types of Debt Review:

1. Normal Debt Review:


This is the type of Debt Review where the Debt Counselor will contact all credit providers and negotiate adjusted payment arrangements. When all the Credit Providers agree on the new repayment arrangements then the Debt Counselor will continue with all necessary steps to render the Debt Review service for the consumer. In case the consumer wishes to be removed from the Debt Review process for any reason whatsoever, the debt counselor will issue the consumer with a termination form named 17.W

As of writing, the credit bureaus have rejected removal requests based on 17.W..Both the Bureau and the NCR insist that removal of a Debt Review notice from the Consumer Profile can only be executed when:

1. All creditor accounts that were placed under debt review are fully settled and a Clearance Certificate is issued by the Debt Counselor.....or
2. An application is made in the high court to declare the consumer Not-Over Indebted and a court order to that effect is granted by the High Court. If your debt review was not obtained in court, and you are in possession of a 17.w, and you really want the debt review notice removed from your profile as soon as possible, we suggest you take up this service

2. Court Order Debt Review


This type of Debt Review is where one or some or all Credit Providers do not wish/agree to be placed under the debt review payment system, as such the Debt Counselor is left with no option but to apply to the court to assess the consumer financial situation and place the consumer under debt review through a court order. The court will assess the consumer financial situation and once it finds that the consumer is over indebted, it will grant the Debt Review Court Order. In this instance, when the consumer wishes to terminate the debt review process, then an application for the Rescission of Debt Review should be made to the court that granted the Debt Review Order. This process requires some  preparations and a court appearance by either the consumer or a legal practitioner or attorney.