HOW TO SUCCESSFULLY LEAVE DEBT REVIEW BOOKLET
IF THE DEBT REVIEW NOTICE ON YOUR CREDIT RECORD DOES NOT SAY
"COURT ORDER GRANTED"
THE DEBT REVIEW IS UNLAWFUL!
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IF THERE IS NO COURT ORDER, THE DEBT REVIEW CAN BE TERMINATED WITHOUT GOING TO COURT
Debt Counselling is a voluntary and consensual process which results in the Tribunal or a Magistrate Court re-arranging the consumer's debt obligations.
THE NATIONAL CREDIT ACT (NCA) DEBT COUNSELLING REGULATIONS
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You can only be placed under debt review when you have personally applied through an NCR accredited Debt Counsellor.
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The consumer must apply for debt review by signing and submitting a Form 16 document to authorise the Debt Counsellor to determine over-indebtedness.
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The consumer must sign a PDA debit order for distribution of the agreed debt repayment fees.
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The debt review matter should be concluded and made an order of the court by either the Tribunal or Magistrate court.
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The debt counsellor is obliged to issue the a copy of the court order with details of the court ordered repayment arrangement.
If any of the above processes was not executed, then the debt review is unlawful!
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3 STEPS & TO REMOVE UNLAWFUL DEBT REVIEW IN 10 DAYS
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| 1. CHECK YOUR CREDIT REPORT | 2. READ THE DEBT REVIEW STATUS NOTATION | 3. CONTACT A DEBT COUNSELLOR | |
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Debt Review Status
When you apply for debt counselling, you need to complete and sign application form named Form 16.
Once you submit the Form 16 to the debt counsellor after undergoing interview of your financial situation, the debt counsellor shall submit a Form 17.1 to the Credit Bureaus in order for them to display a notation that you have applied for debt review
The Debt Review listing on your credit report will display the following:
> Debt Review Status:
> Debt Review Date
> Debt Counsellor Registration No.
> Debt Counsellor Name (s)
> Debt Counsellor Surname
> Debt Counsellor Contact No.
Click this Button to Request Free Credit Report
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Status Definition
The common status will say:
> Consumer under debt review or
>Notification of Debt Review or
> Application for Debt Restructuring
(these do not mean your application for debt review approved and you are under debt review but that your debt review application is being processed)
The main purpose of the above notice is to warn credit providers not to give you credit)
Or it might say:
> Formal debt restructuring through the courts has commenced
If the status does not say:
> Formal debt restructuring is completed, and a court order granted
PROCEED TO STEP 3.
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Demand Court Order
1. Contact your debt counsellor request a copy of the Court Order.
2. If your debt counsellor fails to give you a copy or delays or makes excuses, be certain that your debt review matter was NOT filed with any court.
3. Alternatively seek assistance from a different debt counsellor to check your DHS Status. DHS STATUS CODE
* If court order was granted,
THE STATUS CODE SHOULD BE (D4)
5. If status is (D3) it means that the court application is in the process but no court order is granted "yet".
Status D3 and any other status can be challenged and changed to effect the termination of the debt review and removal of the flag from your credit records.
Click this Button to Log Challenge
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