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Answer for Paid Up Creditors and Withdrawal

Hi there, 

Thank you for your question. And well done to sticking with your debt review.

Cancelling your debt review is possible. A signed letter with an instruction for us to cancel is all it takes. Remember to consider the following: When a debt review is cancelled, the original credit agreement is revived and the creditors are free to proceed to enforce their rights in terms thereof. That is why we urge consumers not to cancel without making prior arrangements with creditors. We often assist them to do so. 

First reach a written agreement with the creditor about the capitalisation of all payments in arrears and the resumption of the original instalments prior to cancelling your review and losing your protection. What you must also keep in mind is that your debt review will be listed on your credit profile until a Form 19 is issued. This can only happen when your original installments according to original contractual terms can be maintained or if your debt is settled. 

So in short, yes, the accounts that are left will revert back to original contractual terms if you withdraw from debt review. There will also most definitely be a fee to get the debt review order rescinded. That differs from attorney to attorney. 

Kind Regards