Thank you for the question.
If you’re married in community of property you both will have to go together under debt review.
When you are married COP you only have one estate. This is the case with debt as well. The both of you together are deemed as one person and you cannot act independently irrespective of who signed for what.
Therefore if you are married COP it will be a joint application and all the debt will be thrown into one pool. Your income will also be joined in the calculations and the payment of all your debt will commence jointly through one single instalment.
Unfortunately, the National Credit Act prohibits you from incurring any further credit while you are under debt review. We recommend that our clients rather work on paying of their debt faster. Pay a little extra on some accounts. Focus on the smaller amounts and start settling them one by one. Also remember to negotiate for a better settlement value when there is not much left on an account.
Once you receive your clearance certificate and have the means to afford the monthly repayments you can apply for financing.