Thanks for the question
When you apply for debt review all credit bureaus are notified that you are now in fact under debt review. It is a requirement of the National Credit Act that this be done. when you exit the process normally, i.e settle all your debt through the process, a clearance certificate is issued to you. this certificate is also sent through to all the credit bureaus who must then expunge from their records any information pertaining to the fact that you were subject to a debt review.
When you exit the process prematurely however, it becomes a bit more of a challenge. I.t.o the national credit act the information regarding your debt review will remain on your credit profile for two years. The status of your debt review will be updated to reflect “Withdrawn by Consumer” on your credit profile and will show that you are NOT under debt review anymore. It will however still show that you have applied and that you were under debt review.
If you will be able to get the home loan is uncertain, because it remains the prerogative of each and every credit provider whether or not they want to extend credit to someone.
You can pull your credit report at http://www.credithealth.co.za and have a look at your credit score. If it is below 700 I am almost 100% sure you will not be able to get a home loan