Debt Review Myths: Can You Get Blacklisted While Under Review?
If you’re overwhelmed by debt and facing legal threats from creditors, it might be time to speak with debt review companies in South Africa. Starting the debt review process can protect your income and assets while putting you on a clear and realistic path to becoming debt-free. Debt review (also called debt counselling) is a legal solution for managing over-indebtedness in South Africa. A registered debt counsellor will assess your finances and design a realistic repayment plan tailored to your situation. This process shields you from legal action and ensures that you can pay off your debts without risking your home, car, or other assets. Still, many people hesitate to begin debt review because of common misconceptions—especially the fear of being blacklisted. Let’s clear that up. Can you get blacklisted while under review? The short answer: not if you’re under proper guidance. You risk blacklisting only if you already have a poor credit history and con...