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Blacklisted Loans for people with bad credit history

Getting out of Debt Over the last few years, more and more people have accumulated debt. It’s often quite a challenge to get everything paid and for many people it simply feels like a cycle that will never end. Then there’s the bad credit record that threatens you, which is also something that people want to avoid as much as they can. Luckily, there is always a way to get yourself out of debt. Should I Take up a Loan? This is a question that many people want an answer to. People often consider taking up a consolidation loan to repay all their separate accounts, thereby only owning one payment each month. While it might be a great idea to consolidate your debt, always make sure that you weigh your options and get professional advice; you don’t want to end up with a bad credit record and even more debt. Avoiding a Bad Credit Record It’s important to try and avoid getting a bad credit record as this can have a negative influence on any future personal loan or account applications. Always try to work out a payment plan with your creditors – a smaller monthly payment is better than no payment at all, so try and settle for an amount that you can afford. Make sure that all of your creditors get something every month to avoid unnecessary penalty fees and unnecessary interest rates. Put all of your effort into paying off your current debt before you ever consider buying anything on credit again. As a rule, don’t buy anything you can’t afford – but with that being said, debt is often something that happens unexpectedly, whether it’s due to loss of income, or even interest rates that you did not take into consideration. Ask for professional advice before you make any radical changes and work out reasonable rates with creditors.

What if you are already blacklisted on ITC? This is an unfortunate situation, but by no means does it have to be a desperate one. It is still possible to qualify for a private blacklisted loan.

What is a blacklisted loan ?

Quite simply, a personal loan for people blacklisted on Credit Bureau’s. How do I apply for a loan when I am blacklisted? You can apply online with us in three easy steps.

What are the requirements for a blacklisted loan?

You have to be older than 18 years and be a permanent South African citizen. You must also  have your own bank account, be employed and earn a minimum monthly salary of R1500 pm. Repayment Period You can repay your loan between 12 – 72 months depending on the amount you qualify for and how much you can afford to repay monthly. Can I get a blacklisted loan for things like car repairs? Of course you can use your loan for car repairs. In fact blacklisted loans can be used for many things : consolidation of debt, student fees, school fees, Apart from loans we also offer other services that  you might be interested in. For our insurance claim support and payment of reduced traffic fine assistance