How to Clear Debt Review

Have you ever wondered how to clear debt review? Clearing debt review from your credit report has numerous benefits for your financial standing, including a clean credit record (hello, low interest rates) and no more negative items on background checks.

A clean credit record can empower you to secure better loan terms and rates, lower insurance premiums, or even better rental property opportunities. If you have derogatory marks on your credit report, credit clearance should be at the top of your list. But what is credit clearance? The answer to your prayers; the process of logging a dispute with the bureaus to clear those horrible marks like debt review from your credit report.

Clear Debt Review with Credit Clearance

Here’s a quick step-by-step guide on how to clear debt review. To clear debt review off your credit report, you’ll need to attain a clearance certificate from your credit counsellor and proof that you’re no longer over-indebted from everyone involved. You’ll start by gathering the relevant documents–that’s your ID and supporting evidence like a clearance certificate and paid-up letters– and then submitting this to XDS, TransUnion, Experian, or any other bureau you would like to expunge bad marks from, along with a credit clearance letter.

The bureaus have 21 days (as per the National Credit Act) to assess your dispute and check with all relevant parties, like previous lenders and debt counsellors, that in fact the derogatory mark shouldn’t be there. This process is also called debt review removal.

Cape Town Legal Consultants specialises in credit clearance. We have years of experience helping clients write proper and well-formulated credit clearance letters, disputing derogatory marks (like judgements and admin orders), and fighting for clients’ financial freedom.

If you would like to be armed with one of the best debt review removal companies, contact us. We’ll get back to you as soon as we can and discuss your circumstances coupled with how we can work together to set you free from debt review’s chains.