NC
Nhlonipho C

1 reviews | Active since Feb 2025

07 Mar 2025, 16:27

Why is my name still on hold under debt review.

Thank you for ruining my life. I received a clearance certificate from you and I got my debt review flag removed from all the credit bureaus. Recently tried applying for a credit card with my private banker to improve my credit score and we encountered issues. I got removed from debt review with my bank and the issue persisted. Until they did a root cause analysis, they called me to let me know that the cause of all the rejection for my credit card application is because Octogen has my name on hold under debt review even though everything is paid up. I even paid for my clearance certificate fees yet I get to have my name withhold under debt review by my debt counsellor for what reason I don’t know because I fulfilled all my payments on time. May you please look into this and have it resolved ASAP as it is blocking my life and there’s absolutely nothing I can do if you keep my name under debt review on your records when it is supposed to be cleared and free. This is not what I signed up for when I chose you guys voluntarily to close off my accounts.

0
Replies (5)
Octogen
Octogen's reply07 Mar 2025, 17:59
Official
Good day,

Thank you for raising your concern.

Please be advised that the clearance process is a legal one and does take time. Your clearance certificate was issued in the last week of February. The document is then sent to the NCR, all your credit providers and the credit bureaus. Only the credit bureaus has the ability to remove the debt review listing, and this process can take up to six weeks to finalize.

Please be further advised that once the debt counsellor has issued your clearance certificate, the mandate held is nil and void and the debt counsellor no longer has the ability to act on your behalf. You are well within your legal right to contact the credit bureaus directly and try to speed the process up.

i trust that this explanation will shed some light on the matter.

Kindest Regards
Sonnette Kretschmer    


NC
Nhlonipho C's update07 Mar 2025, 20:18
Reviewer Update
But the credit bureaus have cleared my name, I definitely have to call as this doesn’t really address my problem.
Octogen
Octogen's reply08 Mar 2025, 12:38
Official
Good day,

No problem, i will call you on Monday, please just advise what time will be suitable.

Kindest Regards,
Sonnette Kretschmer.
NC
Nhlonipho C's update08 Mar 2025, 14:53
Reviewer Update
Please call me around 11:00.
Octogen
Octogen's reply10 Mar 2025, 11:31
Official
Good day,

Please be advised that i did try to call you but to no avail. I have however sent a response via email to the email address that you have provided.

Kindest Regards,
Sonnette Kretschmer