What happens to my bond once I have paid all my unsecured credit?
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Modified on: Sat, 30 Dec, 2017 at 8:52 PM
once you have finished paying off your unsecured debt, settled your vehicle finance accounts and your home loan account is up to date you will qualify to receive a clearance certificate. Once SDA has received confirmation that all the accounts are settled and your home loan account is up to date, a clearance certificate will be issued which will be sent to the credit providers and the credit bureaus so that the ‘debt review’ flag will be cleared from the client’s profile.
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