Understand Debt Review before you decide.

Debt Review is a formal, voluntary debt-relief process under the National Credit Act for over-indebted consumers. It begins with an affordability assessment and can lead to a restructured repayment proposal.

A formal assessment considers income, essential living costs and monthly debt obligations. Common warning signs include missed payments, using credit for necessities and having too little left for living expenses.

Consumers generally cannot take further credit while under Debt Review. This and the other implications should be fully explained before an application is made.

No. Debt Review does not erase valid debt. It is intended to create a structured repayment route based on verified affordability and the formal process.

The communication process changes once the formal notices and process apply, but the exact protections and responsibilities depend on the stage and compliance with the arrangement.

Common documents include identification, proof of income, recent bank statements, living-expense information and statements or details for credit obligations.

Exit options depend on the stage of the process and whether a court order or determination exists. Removal is a separate specialist service available under the Services menu.