Debt Counselling Flag Removal
Take a proactive approach to Debt Counselling Flag Removal with help from Ayoba Loans. If you’ve completed debt counselling and all your debts are paid off, there is no reason your credit score should indicate otherwise. As a consumer, your credit report and credit score represent your financial standing, and ensuring that it's correct is incredibly important.
Challenges are not uncommon when it comes to Debt Counselling Flag Removal. While the debt counselling flag is supposed to be removed within 3 weeks of receiving your clearance certificate, sometimes it doesn’t happen. This could be due to a delay in processing, a mistake at the credit bureau, incomplete documentation, or miscommunication. Our Ayoba Loans team has helped many clients rectify this and enjoy the benefits of debt removal.
Debt Counselling and the Removal Process
Sorting out your debt through debt counselling is an excellent way to improve your finances and better your life. As a formal debt management service available to over-indebted consumers, there are many benefits, most notably the opportunity to repay debts in a way that aligns with what you can afford. Your debt counsellor should initiate the Debt Counselling Flag Removal process once you’ve completed debt counselling, and the rest is handled by a credit bureau.
While you’re under debt counselling, this is flagged on your credit report, so potential lenders know you’re going through the process and may not obtain new credit. Only once the process is complete and Debt Counselling Flag Removal happens successfully can you apply for credit again, if you qualify. Having your credit report reflect your finances accurately gives you the best chance at obtaining new credit, which is important if you’re considering investing in property, need financing for a vehicle, or wish to open an account.
The debt counselling process takes a few years, but Debt Counselling Flag Removal should not take long at all. If you check your credit report and find that the flag has not been removed as it should have been, it is best to let experienced professionals help. We can dispute any incorrect information and will investigate the situation to find out where things went wrong, as well as communicate on your behalf with your debt counsellor and the relevant credit bureaus.
Get in touch with Ayoba Loans and let us help you navigate through the complications of Debt Counselling Flag Removal with ease. We’re here to help you get your credit report back on track so that you can start enjoying life after debt counselling. Put your debt issues behind you for good, thanks to our effective removal process.
