Debt Review Removal
Debt review removal is the process of legally ending a debt review program and removing the associated “debt review” flag from your credit record once you have completed your debt repayment obligations. This typically involves your debt counsellor issuing a clearance certificate confirming your debt review obligations are met, which is then submitted to the National Credit Regulator (NCR) and credit bureaus to update your credit profile.
Prescribed debt
In South Africa, prescribed debt refers to debt that is no longer legally enforceable due to the passage of time and the absence of acknowledgement by the debtor. Specifically, under the Prescription Act 68 of 1969, debts that have not been acknowledged or pursued through legal channels within a certain period become prescribed.
Blacklisted
In South Africa, “blacklisted” is a colloquial term that doesn’t have a formal legal definition. It generally refers to having a poor credit record, which can make it difficult to get loans, credit cards, or even rental agreements. This often results from failing to meet financial obligations like missed payments or defaulting on loans..
Low credit score
A low credit score, generally considered between 300 and 579 in South Africa, indicates a higher risk for lenders. It suggests a person may have a history of missed payments, high debt levels, or other factors that negatively impact their creditworthiness.
About Us
Welcome to Credifix SA, your trusted partner in achieving financial success. We are a reputable and reliable company dedicated to helping you improve your credit score and overcome financial obstacles. With our comprehensive range of services, we are committed to providing you with the support you need to achieve your financial goals.
When you choose Credifix SA, you can trust that you are working with a licensed and registered company that has helped thousands of clients overcome financial challenges. We are committed to providing personalized, friendly, and professional assistance that is tailored to your unique needs.
Join our satisfied clients who have experienced the transformative power of our services. Take the first step towards financial freedom by contacting Credifix SA today. Let us be your partner in navigating the complexities of credit, debt, and financial success.
Debt Review Removal
Are you tired of the heavy burden of debt review? Do you dream of regaining your financial freedom and rebuilding your credit score? Look no further! Credifix SA is a licensed and registered company dedicated to helping clients like you regain their financial freedom. We have successfully assisted thousands of clients in getting rid of the burden of being on debt review.
improved creditworthiness
By removing the debt review flag early, you can restore your creditworthiness faster. This opens up opportunities for obtaining credit, such as loans or mortgages, and allows you to rebuild a positive credit history.
faster financial recovery
Without the limitations imposed by debt review, you can regain control of your financial future more quickly. Removing the flag gives you the freedom to take proactive steps towards financial recovery, such as saving, investing, and pursuing new opportunities.
avoid legal conquences
If a court order is granted while you are under debt review, it may result in more severe consequences, such as asset seizures or garnished wages. By acting to remove the debt review flag promptly, you can avoid these potential legal complications and their associated hardships.
Prescribed Debt
In South Africa, prescribed debts are debt that is not paid and/or acknowledged by the debtor for at least three years. Once debt becomes prescribed, it cannot be legally enforced or collected by the creditor. The Prescription Act specifies the time limits for prescription of different types of debt.
Most debts, including credit card debts, personal loans, and other unsecured debts, prescribe after three years from the date they become due.
Longer Prescription Periods:
30 years: Applies to debts secured by a mortgage bond, judgment debts, tax debts, and certain debts owed to the state related to mining.
15 years: Applies to certain debts owed to the state arising from loans or sales of land.
6 years: Applies to debts arising from bills of exchange, notarial contracts, or other negotiable instruments.
Understanding prescription periods is crucial for both debtors and creditors to know when a debt is no longer enforceable. If a creditor doesn’t act within the prescription period, the debtor is no longer obligated to repay the debt.
Blacklisted
If you are blacklisted you will probably find it very difficult to get credit and/or finance on your name. It might even be difficult to open up a bank account. Even if you do get finance it is likely to get this at a higher interest rate and/or even a put down a higher deposit. It is never good to be blacklisted, so it is vital to ensure that this negative listing is removed from your credit report.
Paying back the monies you owe to creditors is still not enough to have your name cleared from the credit records. You will be required to get legal practitioners to assist contacting your creditors for consent to remove such listings.
Credifix SA, has the best team with the required experience to ensure that this negative listing is removed from your credit profile.
Update Credit Bureau
Are you struggling to credit and/or finance due to incorrect and/inaccurate amounts reflecting on your credit profile?
Credifix SA, will conduct assessment, and further investigate why these amounts are reflected incorrectly. We will then ensure that these are updated correctly on your credit profile, boosting your credit score.
Credit Profile Enhancement
If you have been declined for credit and/or finance, we have a registered Alternative Dispute Resolution (ADR) agent, authorized by the National Credit Regulator (NCR), ready to assist you. Our ADR agent specializes in credit profile enhancement and removing negative listings that may be affecting your creditworthiness. They have the expertise to deal with prescribed debts, paid up judgments, paid up administration orders, and even inquiries. By eliminating these negative factors, we can help improve your credit score, increasing your chances of obtaining credit and/or finance.
In addition to our ADR agent, we have qualified credit cleaning specialists who excel in resolving credit-related issues. They work tirelessly to help you overcome any obstacles that may be hindering your loan approval. Whether it’s rectifying errors in your credit report or negotiating with creditors, our specialists will do their utmost to help you secure the credit and/or finance. We understand that a clean credit profile is vital for financial success, and we are committed to assisting you every step of the way.
With Credifix SA Pty Ltd, you have found your trusted partner for comprehensive financial solutions. We take pride in the thousands of South Africans we have already assisted, and our satisfied clients refer us to new business every day. Our dedicated team is committed to working with you until the very end, ensuring that we do our best to get you to where you need to be in life.
Increase Your Score
Improving your financial Wellness
Credifix SA will remove red flags and/or negative facts from your credit profile to increase your credit score.
Credit Repair is a “credit rehabilitation” process to improve a person’s credit score, so that one is able to apply for credit and/or finance, with better interest rates. This is aimed to allow one to live within there financial means.
Client Testimonials
Dont’t take our word for it – here’s what our clients say:
“I would like thank Emily for her execelent help and her explaining it all to us. She was very patient. Thank Barry. 10 out of 10.“
From Landy Thomson
Facebook Page:- Credifix S.A
“I had an outstanding experience with Credifix SA! Their service is professional, efficient, and truly customer-focused. From start to finish, the process was smooth and hassle-free. I highly recommend them to anyone looking for excellent financial assistance and support. Keep up the great work“
From Serena Gupta
Facebook Page:- Credifix S.A
Thank you for your service and I will refer clients to you, you hold professionals, please give Emily an increase”
From John Phakwe
WhatsApp:- Credifix S.A