Rescission of a debt review court


What is Rescission of debt review court Order?
Rescission of a court order can happen if a consumer has a granted debt review court order and his/her financial status has changed and he can afford to pay according to his original credit agreement. After debt review has been removed consumers can take up loans again.

When can a consumer qualify to be declared no longer over indebted?                                                                                                          Any person can qualify for early debt review removal if he/she is no longer over-indebted or whereby a client has consented to a debt review application but cancelled prior to a debt review court order being granted. A Magistrates Court needs to declare the client no longer over-indebted based on the change of financial status.

Both instances require that the Debt Counsellor re-evaluates the financial status of the consumer to prove that he/she is no longer over-indebted. Once the application is made, The courts will decide whether to grant the rescission or not. Once the court order has been granted, the Debt Counsellor will be required to update the NCR debt help by removing your name from the debt review status. All credit bureaus and creditors alike will be notified to remove the debt review status from consumers’ profile.

Documents required for a rescission of a granted court order in a magistrates court:                                                                                        1 - The Debt review court order – to be provided by the debt counselor                                                                                                           2 - The reason why you want to be removed from debt review          3 - Latest statement summary from the PDA with payments to date.                                                                                                                      4 - COB from the debt counselor                                                                5 - Employment status currently                                                                6 - Paid up accounts/letters.                                                                          7 - Proof of address.

About our services

We are specialists in: Cancellation of Debt Review - Debt Mediation - Debt counseling - debt settlement negotiations - Rescission of Magistrate Court Judgments - Rescission of High Court Judgments - Rescission of Administration Orders  - Removal of trace alert listings - Removal of default listings  - Updating of poor payment profile - trace alerts removal - credit score improvements - Early termination of debt counseling.

We are experts in: Credit Repair - National Credit Act(NCA) - National credit regulator(NCR) - Consumer Protection Act - administration - consumer rights - consumer law - consumer complaints

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