Loans for blacklisted people in South Africa
Is it possible to get a personal loan if you are blacklisted?
A couple of years ago loans for blacklisted people in South Africa was something more or less unheard of. Prior to the global recession that hit us (2008/2009), people were able to meet their financial obligations in terms of credit cards and credit agreements.
Although South Africa wasn’t as hard hit by the recession as is the case with European countries, it did have a negative impact on our country and there are many people who lost their jobs during that time and in the years following the recession. The economy is still in a recovering phase and some people did manage to get back on their feet, but with one big problem – their accounts fell into arrears during the time that they didn’t have a monthly income and as a result they were blacklisted on ITC. Add to that the increase of normal expenses such as electricity and petrol and the day-to-day cost of living in our country and it is easy to understand how it came about that many people find themselves in a very unfortunate financial position. Many of them are in need of a personal loan for whatever reason – maybe to catch up with arrear payments/pay off debt, pay for unforeseen expenses, such as medical bills, purchase a much needed household item such as a fridge, or even a car. Many people who are blacklisted can benefit from a consolidation loan, where all the debt is consolidated into one loan with only one monthly payment that needs to be taken care of. The problem however, is that they are now blacklisted on one or more of the credit bureaus in South Africa and because of that no bank or traditional financial institution will grant them a loan, even if they are employed now and able to meet their monthly repayments.
Cash loans for people who are blacklisted in South Africa
Personal loans for people who are blacklisted people in South Africa
But there is light at the end of this dark tunnel. Loans for people who are blacklisted have helped many out of their dire situations and put them on a new path to financial freedom.
Blacklisted Loans is a nationwide brokerage who is dedicated to sourcing cash loans for people who are blacklisted. If you are certain that you meet all the criteria, you can apply online for a loan with us. Application is very easy – just complete the online loan application in three easy steps and you will know within a few to 24 hours if you qualify for a blacklisted loan.
Blacklisted loans are fast becoming the preferred choice for people whose credit record has been compromised. These type of loans are freely available now and if you are considering applying for one, be sure that you apply for a loan from a reputable credit provider such as Blacklisted Loans,.
