Debt Prescription

Removing Prescribed Debt

Prescribed Debt should be removed from your Credit Report to improve your credit rating.

The Prescription Act, which was passed into in South Africa, sets out specific instances were debt becomes prescribed.

In essence, when a debt has prescribed, you no longer have an obligation to pay such a debt and the concerned creditor no longer has a right to demand payment from you for such a debt.

In terms of the law, the requirements to have a debt prescribed are that:

You should have not paid the debt for 3 years or more.
You should have not acknowledged the debt for 3 years or more.
The concerned creditor must have not started legal proceedings regarding the debt or obtained judgement for the concerned debt.

A prescribed account reflecting on your credit report lowers your credit rating, as the account is likely to be reflecting arrears and indicating that you are a slow payer, whereas the account should not even be reflecting on your records anymore.

Having prescribed debt removed from a credit report across all registered credit bureaus is an exceptionally challenging task for many consumers.

This is why we, at Clear Debt Review, are taking on this task to ensure that consumer’s can have prescribed debt removed from their records as quickly as possible.

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We Service the Entire South Africa. Wherever you are...

What Our Clients Say

I was rejected for a home loan because I was listed under Debt Review, though I had never applied for it. A few weeks after contacting Clear Debt Review, the Debt Review flag was removed and my home loan is approved. Thank you.

Brad

Johannesburg

I am just grateful for the service I received from Clear Debt Review. After years of battling with the Debt Review flag on my name, I am happy that is now completely cleared.

Jabu

Durban

I wish I heard or knew of Clear Debt Review a long time ago. I would have long been able to move on with my life and pursue my goals.

Zoey

Cape Town

Benefits

1. Improved Credit Score

2. Qualify for Credit

02.

3. Financial Freedom

03.

4. Become Debt Free Quicker

04.

5. Avoid Monthly Debt Review Fees

05.

6. Build and Follow your own financial strategies

06.

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