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Answer for Surety and Debt Review

Hi there,

Thank you for your question. 

Surety cannot be claimed when you are under debt review.

The credit providers have no other choice but to participate in good faith in the debt review. When the debt review timelines and instalments are not adhered to, they can terminate the debt review and then would be able to claim the surety that you put up for the credit.

Most likely they would start the litigation process immediately if they terminate the debt review legitimately. It’s therefore important that you keep up your debt review repayments and make sure that all is in order with your debt counsellor.

Hope this information helps.