Tag: blacklisted loans South Africa

23

Nov2014
If you are short on cash and do not carry a good credit score or if the banks refuse to lend any money, applying for a blacklisted loan is the best option for you for multiple reasons. If you are in arrears with some of your debt and are struggling ... Read More

22

Nov2014
Blacklisted loans are designed to help a person with bad credit consolidate their debt by using the money to pay off previous debts so that they only have one payment to make. They are to help people with a bad credit image overcome their adverse situations. To make it easier ... Read More

06

Nov2014
Have you found yourself in a situation in which you have accumulated an amount of debt that you feel it will be impossible to repay? Billions of people around the world have accumulated debt that spirals out of control. Maybe you have student loan payments, car payments, and home loan ... Read More

01

May2014
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 ... Read More

01

May2014
  If you are looking for a loan in South Africa, you might know just how important it is to maintain a clear credit record. This will count in ... Read More

Loans for Blacklisted People – The Last Resort

Virtually everyone will need a loan at some point in life. Many people are able to return their loans with interest, but what about the people who face certain problems in returning the loans? Or what about the people whose credit scores have gone bad and they now hold a bad credit record? There is a solution for people who find themselves in these types of situations. If you live in South Africa and you find yourself with a bad credit score, you can apply for blacklisted loans in South Africa with ease. There are various types of organizations and departments who give facility to people with a bad credit record. Blacklisted people are those whose credit records have stained and who cannot apply for a new loan, but certain organizations help them to avail this facility of applying for loans even when they are blacklisted. Therefore, it is now easy to get blacklisted loans in South Africa. Blacklisted loans in SA

Types of Loans

There are two forms of loans available for the people who have poor or bad credit history. They are micro loans and unsecured loans. These types do not require any personal security that could put your property at risk if you fail miss your repayments. In order to suit your financial needs and to have a hassle-free operation in terms of acquiring loans, you need to apply for micro loans through a micro lender agency. These agencies are located in many South African cities and towns near the shopping malls or markets where there is easy access to locate such small offices. Before applying for blacklisted loans in South Africa, there are certain things you should know. The provider will need proof of identification, such as your passport or any other valid government approved ID, proof of residence, and your proof of income, such as salary slips or a contract letter from your employer. The requirements vary depending upon the needs of the loan provider.

Applying for Unsecured Loans

When applying for unsecured loans, especially if you are blacklisted, it is advised not to approach big banks because there are higher chances of you being turned away due to negative credit scores. Banks generally are very strict about who they lend to and would not entertain your application if you have a bad credit history. In such cases, where can you go to apply for blacklisted loans in South Africa? It is simple. The easiest way is to apply online. You can also go to financial lenders as most unsecured loans can be applied for from these financial lenders. Look around your area and search for finance lending companies, or you can check local yellow pages. However, it is highly recommended that you search online when applying for blacklisted loans in South Africa. You may get help from unsecured loan providing companies for the people who have bad credit scores, which can help you in getting out of your financial troubles. Many people who have a bad credit history avoid approaching financial institutions. Applying for unsecured loans or micro loans is a better idea than approaching a bank where chances of your applications being turned down are high. The fastest and easiest way to apply for blacklisted loans in South Africa is to apply online.