Meerkat
Affordable debt review clearance certificate from only R3000. Fast turnaround so you can rebuild your credit score. Friendly, simple process.
If you have completed debt review in South Africa, congratulations are in order – it’s a major accomplishment. However, the journey does not end the moment your debts are settled. One crucial step remains: making sure the debt review flag is cleared from your credit report, enabling you to regain financial freedom and restore your credit profile.
Meerkat provides a straightforward solution for those who struggle to connect with their previous debt counsellor. For a once-off fee, Meerkat will issue a debt review clearance certificate, ensuring the flag is correctly removed from your profile. This certificate is the key to unlocking access to future loans, cards or housing finance and rebuilding your credit score efficiently.
Step-by-Step Application Guide
Applying for debt review clearance with Meerkat is simple:
- Gather proof of completed debt review payments.
- Contact Meerkat and request their clearance service.
- Pay the service fee, usually starting at R3000.
- Receive your Form-19 clearance certificate.
- Wait for credit bureaus to update your profile, usually within three weeks.
Pros of Using Meerkat’s Clearance Service
Obtaining your certificate quickly is a significant advantage. Meerkat’s process is efficient, enabling most clients to be cleared within ten days. Another key benefit is the affordable flat rate, which simplifies budgeting after your debt review journey. Moreover, their team handles the communication with credit bureaus, taking the stress off your shoulders and ensuring bureaucratic hurdles are professionally managed.
Cons to Consider
The main drawback is the application fee, which may be unaffordable for some who have just finished paying debts. Additionally, the process relies on all previous payments being up to date, so outstanding accounts may cause delays. While Meerkat provides a valuable service, there might be occasional processing lags from the credit bureaus’ side beyond their control.
Final Verdict
If you have settled your debts and wish to move ahead with your life, Meerkat’s debt review clearance service is practical, reliable and customer-friendly. It is especially suitable if prior attempts with your original debt counsellor did not succeed or took too long. For anyone looking to get their financial life back on track, this service is worth considering.
