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Vehicle Finance and Debt Review

Questions & AnswersCategory: Debt ReviewVehicle Finance and Debt Review
Anonymous asked 3 years ago

Hi there,

Can DebtSafe help me get a car if I am under debt review?

1 Answers
Wikus Olivier 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 vehicle financing. 

There are companies who rent vehicles to people who cannot get financing, but those are hugely expensive. 

Kind Regards