❌ 5 Myths About Debt Review That Are Hurting South Africans

Debt review is one of the most effective tools available to over-indebted South Africans — yet many people avoid it due to misinformation and myths.

In this blog post, we’ll debunk 5 of the most common myths about debt review that may be stopping you (or someone you care about) from taking the first step toward financial freedom.

💬 Myth 1: “Debt review is only for people who are completely broke.”

Truth: Debt review is designed for anyone who is over-indebted, meaning you can’t meet all your monthly debt repayments — even if you still have a job or income.

You don’t need to be unemployed or bankrupt to qualify. In fact, having a steady income is required so that you can make your new, reduced monthly repayment under the debt review plan.

✅ Debt review is for working South Africans who are overwhelmed by debt — not necessarily broke.

💬 Myth 2: “I’ll never be able to get credit again.”

Truth: Debt review temporarily restricts access to new credit while you’re in the program — but this is only for your protection.

Once you complete the process and receive your Clearance Certificate, the debt review flag is removed from your credit profile. You can then start rebuilding your credit score and qualify for loans, credit cards, or finance again — responsibly.

✅ You can absolutely access credit again after debt review — and often on better terms than before.

💬 Myth 3: “Debt review will make me lose my house or car.”

Truth: One of the main goals of debt review is to protect your assets from repossession — not take them away.

When you enter debt review:

• Your creditors can’t take legal action against you,
• Your assets are protected as long as you follow the repayment plan,
• And you get the chance to keep your home or car while making more affordable payments.

✅ Debt review often saves people from losing their cars, homes, or other valuable assets.

💬 Myth 4: “Debt review is a scam.”

Truth: Debt review is a fully legal process governed by the National Credit Act (NCA) and regulated by the National Credit Regulator (NCR).

Only NCR-registered debt counsellors are allowed to provide debt review services in South Africa. If you’re working with a reputable company (like Debt Check), the process is transparent, secure, and designed to benefit the consumer.

✅ Debt review is a regulated and legitimate path to becoming debt-free.

💬 Myth 5: “I’ll be in debt review forever.”

Truth: Debt review is not a lifelong sentence — it’s a temporary plan that helps you pay off your debt over a few years, typically between 36 to 60 months.

Once your restructured debts are paid off, your debt counsellor issues a Form 19 Clearance Certificate, and the process ends. Your credit profile is updated, and you can move on with your financial life.

✅ Most people finish debt review in under 5 years — often sooner if they pay extra when they can.

🧠 Why These Myths Are So Dangerous

Believing these myths can stop you from getting the help you need. Every month you delay means:

• More interest and fees,
• Increased stress,
• Greater risk of legal action or repossession.

By understanding the truth about debt review, you can take back control and begin a clear, protected path toward a debt-free future.

📞 Don’t Let Myths Hold You Back — Speak to Debt Check Today

At Debt Check, we’ve helped thousands of South Africans escape the burden of debt with:

• NCR-registered debt counsellors
• Transparent, honest advice
• Free assessments with no obligation

👉 Start your free debt assessment now
📞 Or call us 0860 017 454 to speak to someone who cares on WhatsApp 0679579140

🙋 Frequently Asked Questions

Q: Is debt review the same as blacklisting?
No — being under debt review is not blacklisting. It’s a legal, protected status to help you repay your debts affordably.

Q: Can I leave debt review if I change my mind?
You can exit debt review if you settle your debts or bring your accounts up to date — but it’s best to discuss your options with your debt counsellor first.

Q: What if I already have a court judgment?
You may still qualify for debt review depending on your situation — speak to a counsellor for a full assessment.