How to Check If Your Name Is Under Debt Review in South Africa - Kahawatungu
Knowing how to check if your name is under debt review in South Africa is important if you have been refused credit, are unsure about a previous debt review application, or want to confirm your current credit. . .
Knowing how to check if your name is under debt review in South Africa is important if you have been refused credit, are unsure about a previous debt review application, or want to confirm your current credit status. Debt review is recorded through the National Credit Regulator’s Debt Help System and can also appear as a debt review indicator on your credit profile. Table of ContentsCheck Your Credit ReportContact the National Credit RegulatorContact Your Debt CounsellorUnderstand the Status on Your RecordCheck Your Credit Report Again After CompletionBe Careful With Debt Review Removal ScamsCheck Your Credit ReportOne of the easiest ways to check your debt review status is to obtain your credit report from a credit bureau. Look for an entry or indicator showingDebt Review,Debt Counselling, or an NCR debt review status. Request your credit reportCheck the account or consumer information sectionLook for a debt review indicatorContact the National Credit RegulatorIf you are unsure about the information on your credit report, contact the National Credit Regulator (NCR). Provide your South African ID details and ask whether a debt review application has been recorded against your name. Contact the NCRProvide your identification detailsAsk for confirmation of your debt review statusContact Your Debt CounsellorIf you previously applied for debt review, contact the debt counsellor who handled your application. The debt counsellor can explain your current status and tell you whether your debt review is still active or whether you have completed the process. Contact your debt counsellorAsk for your current statusRequest relevant documentationUnderstand the Status on Your RecordYour debt review record may contain different status codes depending on where you are in the process. For example, an active debt review may have a status such asC, while statuses such asF1,F2,G, orG1can indicate that the debt review process has reached a clearance or removal stage. Check the status codeAsk the NCR or debt counsellor what it meansDo not assume that paying off your debts automatically removes the debt review indicatorCheck Your Credit Report Again After CompletionIf you have completed your debt review and received the required clearance documentation, check your credit report again to make sure the debt review indicator has been removed. If it is still showing incorrectly, contact the relevant debt counsellor, credit bureau, or NCR to establish what needs to be corrected. Obtain an updated credit reportConfirm that the indicator has been removedReport incorrect informationBe Careful With Debt Review Removal ScamsBe cautious about companies that promise to remove your debt review status immediately in exchange for a large upfront payment. The NCR has warned consumers about businesses offering questionable debt review removal services and charging upfront fees. Verify the company before payingAvoid guaranteed removal promisesDo not provide sensitive information to unverified providersAlso Read:How to Check If a School Is Registered