While under debt review you may not apply for any further credit, once the debt has been paid the debt counsellor will then issue the client a clearance certificate. Once this has been issued the credit bureaus will clear your credit record and you will be able to apply for credit again. The reason for debt review is to help over-indebted consumers rehabilitate themselves voluntary and it has shown itself to be very successful in cases where the consumer pays their rehabilitation amount each and every month. If debt review was not around, then without doubt many consumers would have horrific credit records with summonses and judgements which would definitely mean no borrowing for a considerable period of time.
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