When you pay back all the money you owe, your debt counsellor will give you a Clearance Certificate (form 19).
The debt counsellor also has 7 days to send your clearance certificate to all registered credit bureaus. And, the credit bureaus have 7 days to remove any negative credit information about those debts from your credit or ITC report.
Depending on how committed you are to the program, debt review can be the perfect way to start a clean slate. It makes your debt easier to pay and stops debt collectors from harassing you. Best of all, it allows you to become debt free in just a few years, instead of spending a lifetime paying off debt.
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