Getting Out of Debt Review in South Africa: What You Need to Know

    2 October 2025 · Cornel Strydom

    Getting Out of Debt Review in South Africa: What You Need to Know

    Getting Out of Debt Review in South Africa: What You Need to Know


    Okay, so the big question is – can you get out of debt review? And short answer: yes. But there's a bit more to it than just saying "I’m done." Let's break it down in a simple way, and talk about when, how, and what life looks like after you’ve completed the debt review process.


    So, What is Debt Review Anyway?


    If you're unsure what debt review is, it's basically a legal process set up to help South Africans who are drowning in debt. It's part of the National Credit Act (NCA) of 2007 and it's designed to:


    • Protect you from creditors coming after your stuff
    • Help you restructure your payments into something manageable
    • Give you a chance to breathe and get back on your feet

    While you’re under debt review, your accounts are locked for new credit. It’s like hitting a financial reset button – but with training wheels.


    When Can You Exit the Debt Review Process?


    You might be asking, “Okay, still… when am I allowed to say I’m done with this process?”


    Here’s the key: You can exit debt review once you’ve paid off all your accounts – except your bond (as long as it's not in arrears).


    The reason for the bond being excluded is because it's a long-term credit agreement. So, it doesn’t need to be fully paid off to exit — just in good standing.


    At that point, you can apply for a clearance certificate. This little document shows you’ve done the work, paid up, and are ready to move on.


    Also, don’t fall for myths like “you can just stop paying” – that doesn’t exit you legally. The only proper exit is with that clearance certificate!


    How to Get Out the Right Way: Steps to Exit Debt Review


    If you’ve paid up everything and your bond is in check, here’s what needs to happen next:


    1. Get proof: Ask all your creditors for paid-up letters. These state that you owe them nada.
    2. Give documents to your debt counsellor: With those letters in hand, your debt counsellor can issue a Form 19 clearance certificate.
    3. Clear your name: Submit the certificate to all the credit bureaus. This gets that "under debt review" label off your record.
    4. Keep an eye on your credit score: Make sure the changes reflect and your score starts to improve.

    For step-by-step help, check out this quick tool from the National Credit Regulator’s self-service page.


    Also, here’s a helpful guide from Nedbank if you're looking for a walk-through.


    Cool – So What Comes Next?


    You’re out of debt review – amazing! But now you want to stay out. Here’s how to make that happen:


    • Build a realistic monthly budget – and actually stick with it. Track your expenses.
    • Start saving – emergency savings means fewer freak-outs when life throws curveballs.
    • Take it slow with credit – start with small things like a secured card only if you need to rebuild credit.
    • Talk to professionals when you get stuck – you can still work with registered debt counsellors for tips and guidance.

    Looking for more financial planning wisdom? Here’s a solid breakdown from The Glass Castle.


    In Conclusion: You Got This


    If you’ve completed your payments, got your clearance certificate, and exited the debt review process legally – congrats, that’s no small thing!


    Just remember – staying free is about being informed and making smart choices going forward. Don’t hesitate to reach out for financial advice and make plans that help you grow.


    Still curious about the nitty-gritty legal stuff? Check out advice from firms like Vermeulen Law and browse the basics around the National Credit Act.


    You’ve done the hard work. Now build on it.


    For more resources, you can also read about the benefits and limitations of the process.