Cancelling or terminating your debt counselling process can only occur under the following circumstances:
- In the beginning, before you debt counsellor accepts your application for debt review by sending out the From 17.2 notifying your credit providers and credit bureaus that you have been accepted under debt review.
- Before the legal process is complete, you can get a court order proving you are no longer over-indebted (legal fees at your cost).
- After the legal process is completed, you can have your debt review court order rescinded by applying to the magistrates court where your original court order was issued (legal fees at your cost).
- At the end of your debt review process, when you receive a clearance certificate (all unsecured debt is paid up and your home loan and VAF is up to date)
Remember, if you chose to cancel, your instalments will revert to the original amounts prior to debt counselling and your debt will become more expensive. You should consult your debt counsellor to discuss the best option for your situation.
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