WILL THERE BE PERMANENT RECORD OF HAVING APPLIED FOR DEBT REVIEW?

When consumers apply for debt review, their profiles are flagged by credit bureaus.

After settling their debts, a clearance certificate is issued, and the debt review flag is removed within a month.

There is no permanent record of debt counselling, allowing consumers to obtain new credit and build a good credit score.

It is not economically sensible for credit providers to penalize consumers who have surplus income and can meet their obligations.