Business
Q: Under debt review, but I need a loan─── 10:04 Thu, 02 Oct 2014
Question: I need an urgent loan to pay my debt, but I'm under debt review.
Answer: Under debt review
consumers are prohibited to apply for more credit, so, no loans are allowed for people under
debt review.
People under debt review first have to settle the debt they have and then
obtain a clearance certificate before they may apply for more credit.
If
consumers under debt review struggle to repay their debt as
per the court order granted, they must approach their debt counsellor to amend
the debt review court order, if there is sufficient reason to do so.
