How to Clear Debt Review Status

After you’ve completed debt review, you may wonder how to clear the horrible flag from your report. You can remove the flag via a process called credit clearance, wherein you or a lawyer contact the respective credit bureaus to dispute incorrect information, like a debt review flag that is there, even though you have gotten a clearance certificate. This blog discusses what you need to qualify to remove debt review from your credit history, the process, what happens next, and how Cape Town Legal Consultants can help you expedite the process. Let’s jump in!

How to qualify for debt review clearance

First, you’ll need to have fully completed debt review and gotten your clearance certificate from your debt counsellor. You’ll also need the relevant documents: your identity document, a copy of your credit record, and proof that you’re no longer indebted. Then, contact Cape Town Legal Consultants to liaise with the bureaus on your behalf, submitting evidence to prove that you’re no longer under debt review.

To qualify, you’ll need:

• to be fully paid up
• a clearance certificate
• a copy of your credit record
• your ID
• the go ahead from your debt counsellor

Next, let’s discuss what happens when you dispute inaccuracies.

The process of disputing inaccuracies on your credit report

First, you’ll need to gather your documentation and evidence to support your dispute. After that, one of our team members and you will collaborate to prove your case and remove the flag from your record. Credit bureaus usually have a processing time of a few weeks to 3 months to formally update your credit report. You can also dispute judgments and paid up defaults, while you’re at it.

After you’ve cleared debt review from your credit record, you’ll enjoy being able to take out credit again, a better credit history, better insurance premiums, and better rental options.

Contact Cape Town Legal Consultants today for assistance clearing debt review from your credit record!