Can I Get a Loan While Under Debt Review?

One of the most common questions we get is: “I’m under debt review – can I still qualify for a loan?”

The short answer is no. If you are under debt review, your credit profile carries a debt review flag. As soon as your ID number is processed for any loan or credit application, the system picks up that you are under debt review and your application is automatically declined.

Why Does Debt Review Block Loans?

Debt review is designed to help people who are over-indebted by giving them lower monthly payments and reduced interest rates. But in exchange, they must give up their credit facilities.

The debt review flag ensures that:

You cannot open new credit accounts.
You cannot take out loans, overdrafts, or credit cards.
You focus on repaying your current creditors without falling deeper into debt.

This system exists to protect both you and your creditors, ensuring that you can actually stick to the new repayment plan.

Why Debt Review Clients Still Ask for Loans

From our experience, people under debt review usually want loans for two reasons:

They don’t fully understand the process. Many clients think debt review only restructures their current debt, but they don’t realise it completely blocks them from any credit. This can be frustrating, especially for people who’ve always relied on loans or credit cards to get by.
They no longer need debt review. Some people have improved their financial situation, started earning more, or simply realised they can manage their debts without the process. Others may have even been placed under debt review without fully understanding what they signed up for.

The Only Way to Qualify for Credit Again

If you are under debt review and want access to loans or credit, there’s only one option: debt review removal.

Debt review removal is a legal process that rescinds the debt review order and clears the debt review flag from your name. Once removed, you can start rebuilding your credit and apply for financial products again.

How We Can Help

At Premier Finance, we assist clients who feel debt review is no longer serving their goals. We offer a free assessment to check if you qualify for debt review removal.

👉 If you qualify, we’ll help you through the process of having your debt review order rescinded.

👉 If not, we’ll guide you on the best way to move forward.