How you can get ITC Clearance in South Africa online (2024)

FAQs

How do I clear my ITC record? ›

Applying for an ITC clearance certificate involves submitting a comprehensive application that includes all relevant personal and financial information. You will need to provide details about your credit profile, including any past debts, late payments, or credit defaults.

The ITC Clearance process can take anywhere from 7 days to 3 months, a timeframe that depends on the bad listings and references present on your financial status report.

The simplest way to clear your name from the credit bureau is to pay off the debt. According to TransUnion, one of South Africa' biggest credit bureaus, this will usually result in your name being removed from the blacklist within 7 – 20 days.

Debt review stays on your report until you receive a clearance certificate. You can get a clearance certificate by: Satisfying all your payment obligations under the debt review arrangement order, or. Demonstrating your financial ability to meet your future obligations.

To remove an item from your credit report, you can dispute it with the credit bureaus, providing evidence if necessary, and follow up until it's resolved. Alternatively, you may negotiate with the creditor directly to settle the debt in exchange for its removal from your report.

Getting your free credit report and score

Experian provides free credit reports and free credit scores on My Credit Check, which is an easy-to-use online portal that allows all South African citizens with valid South African ID numbers to access their credit information via their personal extensive credit reports.

You Deserve a Clean Slate: If the debt is fully paid, you can apply to the court to rescind the judgement with proof of payment and a consent form from the creditor. This formally removes the mark from your record.

How do I remove old debt from my credit report South Africa? ›

You can contact TransUnion, Experian, XDS or Compuscan. Credit bureaus will generally have the debt removed from your record within 20 days. However, if the debt remains on your credit record after the 20 days, you can approach the Credit Ombudsman by calling 0861 662 837.

Your letter should clearly identify each item in your report you dispute, state the facts, explain why you dispute the information, and request that it be removed or corrected. You may want to enclose a copy of your credit report with the items in question circled.

7 — 20 days. This is the average amount of time it takes for your name to be removed from the credit bureau's blacklist. In order to accomplish this, you must first pay off your debts. The credit bureau determines your credit score based on your financial history.

the Credit Bureau Association on 011 447 7194 or email enquiries@cba.co.za. the National Credit Regulator on 0860 627 627 or email complaints@ncr.org.za.

7 — 20 days. This is the average amount of time it takes for your name to be removed from the credit bureau's blacklist. In order to accomplish this, you must first pay off your debts. The credit bureau determines your credit score based on your financial history.

You can contact TransUnion, Experian, XDS or Compuscan. Credit bureaus will generally have the debt removed from your record within 20 days. However, if the debt remains on your credit record after the 20 days, you can approach the Credit Ombudsman by calling 0861 662 837.

A credit reporting company generally can report most negative information for seven years. Information about a lawsuit or a judgment against you can be reported for seven years or until the statute of limitations runs out, whichever is longer.