Clearance Certificate
Usage Examples
"Thandi went through four years of debt review. Monthly payments to her counsellor, structured plan, the works. When the last payment was made, her counsellor issued the clearance certificate. Two weeks later, her credit report updated and the 'under debt review' flag dropped."
"Andile got his clearance certificate after 36 months of payments. He thought it was instant freedom but credit bureaus took 21 days to update. He applied for a Capitec loan immediately after and got approved at a normal rate — much better than when he was under review."
"Nomsa's clearance certificate was her proof that she'd honoured the debt review process. When she showed it to new lenders, they saw she was serious about repaying. FNB gave her a new personal loan at a decent rate. The certificate was her ticket back to normal credit."