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Answer for Will Debt Review Give Me Bad Credit History and Affect Job Opportunities?

Hi there, 

Thank you for your question. 

The debt review process has been designed specifically to rehabilitate consumers back into the credit market. 

Once all debt has been settled through debt review a clearance certificate is issued. This certificate is sent to all credit bureaus that are then, according to the National Credit Act, required by law to remove all records pertaining to the debt review. That means all adverse listings and negative information must be removed from your credit record for all accounts that was subject and included in the debt review once the debt has been settled. Therefore you will be able to enjoy a credit record that is in good standing and be able to apply for credit after your debt review has been finalised. 

As for your concerns about employment: Being under debt review should not affect your ability to be employed since the process is treated as confidential. There are certain professions like financial advisers and people working in the banking sector that might have some questions to ask, but I can confirm that it has become less and less of an issue for people operating in the financial services industry. 

If you would like more information about the debt review process you are welcome to send an email to [email protected] 

Hope this information was helpful.