Debt Review and Career: Boost Your Financial Health

 

Debt Review and Career: Boost Your Financial Health

If you entered debt review in South Africa, you might worry about how employers see it — and understandably so. This process used to carry a stigma in the past, so some employers misunderstood what it meant.

 

But things have changed, and there’s no more shame in getting help when it comes to managing personal finances. In fact, debt review has become one of the most common ways by which South Africans take control of their finances. And no —being in the program does not have to hold back your career.

 

How debt review has changed over time

 

Debt counselling was introduced under the National Credit Act in 2007 to support people overwhelmed by debt. Since then, it has helped change how employers view financially stressed workers, encouraging a more understanding and supportive approach.

 

Before the debt counselling framework existed, employers often viewed debt as a major warning sign. Now, enrolling in debt review in South Africa shows that you’re taking responsibility and actively working to improve your financial situation.

 

Just as importantly, a debt review can stop creditors from treating you unfairly. You won’t have to worry about them hounding you or taking extreme action. Debt counselling will protect you and give you structure to rebuild your life and financial health.

 

 

Will I find it hard to get a job if I am under debt review in South Africa?

 

No, being under debt review in South Africa should not prevent you from getting a new job. An employer may even see it as a sign that you’re serious about your financial obligations. It shows that you’re accountable and committed to improving your life. Many employers value this level of honesty and maturity.

 

Worried that they might ask about your finances during an interview? You’re not legally required to disclose your debt review status during recruitment. If it does come up, focus on how you’re actively managing your finances and staying on track. Taking accountability and working through debt review can actually leave a positive impression. It shows that you’re proactive and serious about long-term stability.

 

Can I lose my job if I undergo a debt review in South Africa?

 

No. The National Credit Act protects you while you’re under debt review in South Africa. Your employer cannot dismiss you or treat you unfairly because of your status. Debt review isn’t a legal violation, and for most positions, you don’t have to mention it at all.

 

That said, your employer may run credit checks if you’re part of the banking industry or a job that requires security clearance. They might ask you questions, but this doesn’t instantly disqualify you or lead to termination.

 

Get support from your debt counsellor if your situation changes

 

If your income changes or you lose your job, tell your debt counsellor right away. They can step in and negotiate with your creditors to arrange a temporary pause or adjust your repayment plan so you can stay on track.

 

They can also guide you through the options available to you, so you can remain compliant with the debt review process and ensure that you stay protected from legal action.

 

Don’t get into further debt

 

Although it may feel tempting, avoid taking on new loans or credit cards while you’re under debt review in South Africa. Adding more debt will slow down your progress and could disrupt your review. The process may feel slow at times, especially when you’re unemployed or dealing with financial pressure, but staying patient and committed will help you reach the finish line.

 

Take charge of your financial health today

 

Ready to regain control of your finances? Connect with our debt counsellors here at Find Better for a free assessment, and we will guide you through the process. You may also get a free phone consultation by calling us at 087 1147 418.


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