ITC Clearance is something that a lot of individuals require, especially in this fast-paced modern day and age that we are currently living in where responsibilities are increased.
It is important to know what ITC Clearance is and how to obtain it if you currently have any judgments against your name, or your credit record is in an extremely poor position. We will have a look below at the important information when it comes to ITC Clearance.
What is ITC Clearance?
ITC Clearance is the process that individuals go through to remove any judgements from their name. If you have a bad credit record, ITC Clearance will also be something that you need to consider to improve your current credit rating.
Judgements are flags that creditors make against your name at the credit bureau due to lack of repayment or late repayments of credit responsibilities such as loans. This can happen to anyone if your living costs continue to exceed your income and available funds. These judgments and poor credit records prohibit you to take out any further loans and apply for any credit applications even when you need it the most.
Benefits of ITC Clearance
Because of the restrictions that judgements and a poor credit record pose on your livelihood, ITC Clearance can have increased benefits for your current financial position. Some of these benefits are:
- Allows for additional credit applications such as mortgages
- Help reduce financial stress due to restrictions that judgements have, which will no longer be an issue
- Can assist you to contribute to your loved ones needs when you are no longer bounded by a bad credit record
- Provide you with the opportunity to start your credit record on a blank slate and make better decisions in any future credit applications and loans.
How to obtain ITC Clearance
ITC Clearance can be obtained through mediation and arrangements with creditors. Once this process is completed, the individual can apply for a clearance certificate from the NCR (National Credit Regulator) to show that you are no longer under any restrictions previously imposed.
This can be a complex process if you don’t have the necessary knowledge, skills, and resources to apply for the certificate and undergo discussions with creditors. It can also cause additional stress if you try to do this process on your own.
At NDSCA we provide excellent ITC Clearance services, and our expert team of specialists knows exactly where to start and what is needed to ensure a successful outcome for our clients.
Contact us at NDCSA today to find out more on how we can help you reduce your financial stress, through our professional ITC Clearance services.