skip to Main Content
NCR
REGISTERED DEBT COUNSELLORS
PFA
PUBLIC FAVOURITE
AWARD
SAIFF
CERTIFIED
PARTNER
0861 100 999 | Mission Control - Login

Getting a Home Loan during Debt Review

Questions & AnswersCategory: Credit ApplicationGetting a Home Loan during Debt Review
Anonymous asked 3 years ago

Is it possible for me to sign up with debt review and get a loan from my bank, so that I can finish paying my house?

1 Answers
Matthys Potgieter Staff answered 3 years ago

Hi there, 

Thank you for the question. 

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 instalments you can apply for a home loan. 

Kind Regards