Debt review is a legal process that helps people who are struggling with debt by restructuring their monthly repayments into a more affordable payment plan while protecting them from legal action by creditors.

Your credit record will show that you are under debt review, which means you won’t be able to take on new credit until the process is completed. Once you’ve successfully completed debt review, the status can be removed.

The length of debt review depends on your financial situation and repayment plan. It typically continues until your debts included in the review have been settled.

Debt review fees are regulated by the National Credit Regulator (NCR) and are included in your repayment plan, so you won’t need to pay them separately upfront.

Yes. Your bank account remains fully accessible during debt review, and you can continue receiving your income and making everyday transactions as normal.