Debt Review Loans in Gauteng

If you are placed under debt review you may feel as if you will never have access to credit again, but that is not true at all. You may qualify for a debt review loan, or simply a personal loan as soon as you are no longer under debt review.

You cannot get a loan whilst under debt review, you still have the option of cancelling your debt review and then applying for finance. It’s not advisable for anyone who is under debt review or debt counselling to get further into any kind of debt, which is why a loan is not always encouraged. Being under debt review means that you are already in trouble in terms of making payments to your creditors, so taking out another loan will likely only get you further in debt.

There are many companies that offer debt review loans in Gauteng and will charge you fees upfront, but speak to your own debt counsellor first and get advice as to the loan itself, what it can do for you, and if it’s a good option to go for. Whether under debt review or not, always make sure that you only take up loans with companies that are registered with the NCR (National Credit Regulator).

If you are under debt review and do need a loan, you may be able to qualify if you have assets to take a loan out against. These assets need to be fully paid, in other words you should not owe money on them. Assets can include a car, boat, truck, motorcycle, diamonds, gold, jewellery, art, antiques, expensive watches or other goods.