ico

Credit clearance

Let's clean the slate & set the record straight.

When you've taken the necessary steps to take control of your finances, your credit record should reflect this positive lifestyle change. At Libertine Consultants, our credit analysis services often uncover incorrect or outdated information that has been affecting our clients’ credit scores negatively. Once we have this information on hand, it becomes simple to address these inconsistencies. To clean the slate and set the record straight, we offer credit clearance services.

Credit clearance

Have you gone through the debt review process but found that your credit record is not yet cleared? Or did a credit analysis reveal that incorrect or outdated information negatively affects your credit score? We can help!

We assist clients in removing debt review and administration notices, as well as negative listings (such as judgments), from their credit profiles. To do so we require paid-up letters for all the accounts that were included in the debt review-, administration- or judgment process. If you do not have the necessary documentation at your disposal, we can help you to retrieve this information from the relevant sources.

We can also assist you if your credit report reflects outdated or incorrect information by disputing it with the relevant authorities and restoring your good name.

Get in Touch

Need to talk to us?
Advice on credit clearance services in Cape Town, South Africa
Libertine Consultants rated 4.9 / 5 based on 28 reviews.

Understanding the lingo

The credit clearance industry is full of complicated, overlapping and often confusing terminology. Here is a quick overview of the terms that may be used on your credit record, and what it means:

Blacklisted

In simple terms, to be blacklisted means that credit providers will not give you credit because you were unable to repay previous debts and are now considered a high-risk debtor. Even when you settle the outstanding debts that lead to your blacklisting, your credit profile will remain tainted for between two to five years. Credit clearance will be required to removed this from your credit profile sooner.

Get in Touch

Need to talk about clearing your credit record?
Credit clearance in Cape Town and rest of South Africa

Accounts in arrears

'Accounts in arrears' means that some of your scheduled payments have not been made, but that no legal action has been taken against you presently. You are still able to make arrangements with your credit providers directly to catch up with your payments and settle your debt, subject to an admin fine. Credit clearance will not be required.

Accounts in default

'Accounts in default' means that your creditors have handed over your debt to attorneys. In basic terms, your creditors have lost faith in your ability to pay your debt and feel that it would cost them to much to recover it. This will reflect on your credit record for two years. Credit clearance will be required to removed this from your credit profile sooner.

Judgements

A judgement against your name means that your creditors have taken legal action – debts of less than R100 000 are handled by the magistrate's court, while larger debts are managed by the high court. These are serious charges that will show up on your credit profile for up to five years if you do not pay off your debt. Credit clearance will be required to removed this from your credit profile sooner.

Get in Touch

Need to talk about clearing your credit record?
Credit clearance in Cape Town and rest of South Africa

Administration order

An administration order is similar to debt review, except that there is a limit to the debt that may be put under administration. This is the best option if you want to remove garnishees from your salary, and it doesn’t have to be forever. If you get to a point where you can manage your own account, due to an increase in salary for instance, you can apply to the court who granted the order to have it removed from your record. Credit clearance will be required to removed this from your credit profile sooner.

Get in Touch

Get in touch and start clearing your credit record in Cape Town to rest of South Africa