Finance for the blacklisted
Home > Finance - Blacklisted FinanceWhat Does It Mean to be "Blacklisted"
- If you are blacklisted it means that you have been excluded from an activity or opportunities because of poor performance. If you are blacklisted for a loan, it means you are not allowed to apply for a loan and get approved because you have a bad credit status. That is why blacklisted loans are made more available
Are you blacklisted?
- Find out, get your credit record, from South Africa’s two largest consumer credit bureaus, TransUnion Credit Bureau (Pty) Ltd and Experian Ltd.
Why is at an issue being blacklisted?
- Being blacklisted is horrible. It is difficult to get any kind of finance if you have a poor credit record. And when you get finance, the rates of interest charged are usually far higher. Your financial reputation is negatively affected by any adverse listings and unless they are removed you are treated like a financial leper.
Types of negative blacklistings
- Blacklisted loans are loans given to blacklisted people. Blacklisted loans are offered by many finance companies. If you are blacklisted because you have a bad credit history, such finance companies are more than willing to help you choose and process your blacklisted loan.
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