Will debt review affect job applications? For most South Africans, the answer is no. Being under debt review generally doesn’t impact your ability to apply for or keep a job—especially if the role isn’t in the financial or high-security sector.
Understanding Your Rights During Debt Review
Employment Protection:
- The National Credit Act protects individuals under debt review. Employers cannot fire or discriminate against you due to your debt review status. Debt review is not a legal offence, and in most cases, you’re not obligated to disclose it to potential employers.
Which Jobs Could Be Affected?
Non-Financial Roles:
- In jobs like retail, customer service, and administration, credit checks are often not required for hiring.
Financial & High-Security Roles:
- Careers in sectors like banking or those requiring security clearance may involve credit checks. If you’re under debt review, it could raise questions for the employer, but it won’t automatically disqualify you from the job.
Disclosing Your Debt Review Status:
- You aren’t legally required to disclose your status during the application process unless asked. If it does come up, being honest about how you’re taking steps to address your financial situation can be seen as responsible.
Your Professional Reputation:
- Many fear that debt review might harm their reputation at work. Entering debt review shows that you’re committed to managing your debt. Many employers appreciate this level of transparency and responsibility.
Balancing Your Career and Debt Review:
- While you’re in the process of debt review, it doesn’t have to impact your career growth. In most industries, debt review is not a significant concern for employers. Even for roles that do involve credit checks, demonstrating that you have taken control of your finances can leave a positive impression on your prospective new employer.
Career Tip
Your main goal is to focus on your qualifications and strengths in any job interview. For financial or security-sensitive roles, being open about your financial situation and actively managing your debt review can work in your favour. Debt review is a temporary step towards long-term financial stability, and this reflects well on your ability to handle financial challenges.
Read our comprehensive blog here and discover how to overcome potential challenges and achieve your career goals.
