Managing your money and credit can feel difficult – especially if you have been declined by the bank or have negative listings on your credit record. That’s why Mdalisu’s Credit Ready Plan (CRP) is here – to help you understand your finances better and take control of your credit future.
Why Choose the Credit Ready Plan?
Mdalisu’s CRP helps you find real, practical solutions that you can use in your everyday life. Whether you want to apply for a personal loan, buy a car, or own a home, we want to help you be ready. With CRP, you can feel more confident when making credit decisions.
Who Is CRP For?
CRP is perfect for people who:
- Are struggling with debt and behind on payments.
- Have been declined by the bank or have bad credit records.
- Want to dispute unlawful listings like:
- Debt Review
- Administration Orders
- Judgements
- Are planning to apply for a home loan, car finance, or a personal loan.
We support you in understanding your financial position and guide you to improve it.
Please note:
- We do not collect and pay creditors on your behalf.
- We do not do debt consolidation.
- We do not give clients money directly – but we can help you apply for credit if you qualify.
How to Exit Debt Review
To leave Debt Review, a court must say that the person is no longer over-indebted. Even if no court order was made at the start, only a court can decide if the person can exit the process.
The person must show proof (like an affidavit) that they can now afford to pay their debts.
When Can You Leave Debt Review?
You can leave Debt Review only when:
- You have paid all your debts (according to the new plan), and
- You receive a Clearance Certificate from the Debt Counsellor.
Can a Debt Counsellor End the Process?
No. A Debt Counsellor cannot end the Debt Review process. They also cannot use the old Form 17.W to remove someone from the system.
Can You Cancel Debt Review After a Court Order?
If the court already approved a Debt Counselling Order, you cannot cancel the process on your own. But you can ask the court to cancel (or rescind) the order if you are no longer over-indebted. If the court agrees, your Debt Counsellor will inform your Credit Providers using the correct form.
You can only stop the Debt Review process before the court or Debt Counsellor says you are over-indebted.
Cancelling the Debt Review Agreement
You can cancel the agreement within five business days of signing it, with no cost. If you already paid money, it will be refunded.
What Do You Need to Apply for Debt Review Removal?
To apply to be removed from Debt Review, you must give these documents:
- A copy of your ID
- Your latest payslip
- Your bank statement
- Form 17.W (if you have it)
- A list of all your creditors (people or companies you owe money to)
- A Court Order from the Administrator (if you were under administration)
Important: When Can You Be Removed from Debt Review?
You can only be removed from Debt Review if:
- The court did not make a Debt Restructuring Order saying you are over-indebted.
- If the court did make an Order, you must first pay off all your debt and get a Clearance Certificate from your Debt Counsellor.
- This means not everyone can be removed from Debt Review. Always check with your Debt Counsellor to understand your options.
Final Thoughts
Debt Review is a helpful way for people who are over-indebted to get back on track. It’s important to follow the legal process and get advice from a registered Debt Counsellor.
The CRP Removal service from Mdalisu can help with removal or rescinding of the below, subject to qualifying criteria:
- Administration Orders
- Debt Review
- Judgements
- Defaults
CRP Removal is a once-off service offered by Mdalisu, with help from outside lawyers. They can go to court to ask for you to be removed from Debt Review by showing that the you are not over-indebted. Find out more
