Making Debt after Debt Review

There are important considerations when it comes to the removal of Debt Review from your name.

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Making Debt after Debt Review

There is nothing quite as liberating as getting out of debt when you’ve struggled with it for years. Consumers who’ve dealt with over-indebtedness are well aware of the effects that money struggles can have on their lives. At Clear Me Now, we are here to help you move on after Debt Review and can advise on everything from clearing your name to making debt after Debt Review.

Life after Debt Review looks different for everyone. Once you’ve made the commitment to reclaim your financial freedom, your life changes for the better and you’re positioned to start over. As part of the Debt Review removal service to consumers, we also impart valuable guidance that can count in your favour when it comes to maintaining financial balance in your life. Making debt after Debt Review should be carefully considered, and should make sense according to where you are at in your current financial situation.

It is normal to be hesitant about acquiring new debts if you’re previously been over-indebted. The Debt Review process may have helped you restore your finances, but it is important to remember that you can just as easily fall into the same debt trap again. If you struggle to manage your money and live beyond your means, you could possibly undo all the progress that you’ve made. Making debt after Debt Review involves planning and even if you are approved for a loan, it does not mean that this is in your best interest.

Once you are issued your ITC Clearance Certificate and your credit report reflects that you’re no longer under Debt Review, you are legally allowed to enter new credit agreements. Our Clear Me Now team suggests that consumers wait at least 3 months from the date that their credit report is revised to enter into new credit. Give your budget time to adjust and find a comfortable balance between your affordability and means for credit repayments. Making new debt after debt review is sometimes necessary, but should be done with care.

Can you manage the financial commitment of a new credit agreement for the necessary time frame? Are you risking your financial well-being by using store cards with high interest? Do you really need a loan or can you save up for the purchase instead? These are some questions you can ask yourself when considering making debt after Debt Review. Examples of good credit that make sense include a home loan or a car loan, which can help you get ahead in life and which cannot usually be afforded without acquiring financial assistance.

At Clear Me Now, we specialise in professional services that help consumers clear their names after Debt Review. Contact us for assistance today.