A Fin24 user has finished a debt review programme and wants to know how long it will take for her name to be cleared on her credit report. She writes:
Source: Fin24.com
I just finished my debt review and was issued a clearance certificate. How long does it take for the credit bureau to clear everything for me to have a positive credit check?
Tersia van Rooyen from TransUnion responds:
I would suggest that the consumer get their credit report- available free every 12 months on 0861 482 482.
The credit report will display if the consumer is no longer under debt review on the front page of the credit report.
If the credit report does indicate that the consumer is still under debt review, please call our dispute centre on 0861 886 466 and request that they investigate why the clearance certificate has not been received and the credit report not updated.
Comments by Eugene Prinsloo Partner at Meecham, Prinsloo & Associates
This reply by Tersia van Rooyen does not answer the consumers question.
Debt review / debt counselling will reflect on your credit status for a period of 6 months after you have stopped the process. In most cases this listing appears for years after so you will have to check and make sure. However, individual listings by credit providers might still appear on your profile as late payments or defaults for a period of 2 years.
