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

Im under Debt Review but Need to Buy a Car

Questions & AnswersCategory: Credit ApplicationIm under Debt Review but Need to Buy a Car
Anonymous asked 3 years ago

Good day,

I’m under debt review. I need to find out whether it is possible to buy a car while I’m under debt?

1 Answers
Matthys Potgieter Staff answered 3 years ago

Hi there, 

Thanks for the question. 

Unfortunately, the National Credit Act prohibits you from incurring any further credit while you are under debt review. 

Rather work on paying of your 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 a car instalment you can apply for car financing. 

Have a great day.