Loans for Blacklisted

Being “blacklisted” does not mean you cannot get a loan. We know that life does not always go as planned and that in recent times more people find themselves in tough financial situations. We aim to look past your “blacklisted”, or poor credit rating by taking other financial factors into consideration to provide you with the loan you need.

Being “blacklisted” or having a poor credit score is a major stumbling block for an individual trying to gain financial freedom. We aim to solve this and allow individuals to participate on an equal footing in our economy.

We aim to look past your “blacklisted”, or poor credit rating to provide you with the loan you need.

What does being “blacklisted” mean?

Being “blacklisted” is an obsolete term in law, but is still used by many to describe those who have a record of non-payment of outstanding debt. “Blacklist” is a misleading term that dates back to when credit bureaus only kept negative information.

Now credit bureaus hold both positive and negative data, and they use the data to calculate an individualized credit score for you. Credit report factors and credit score values used by financial institutions to define someone as “blacklisted”, or high risk for credit vary significantly. What this means for you is that your “blacklisted” status may vary from one financial institution to another. In addition, not all credit bureaus hold the exact same score or information on you, and this will have an effect on the financial institutions’ credit decision depending on which credit bureau/s they use in your application.

Generally the below guideline can be used to define what a bad or good credit score is:

  • A low score is generally considered to be between 300 and 579
  • A fair score is between 580 and 669
  • A good score is anything above 700

Being “blacklisted” is not something you should be ashamed of.

Many people and even professionals find themselves in a situation where they have a poor credit rating. Your credit rating does not define you as an individual, many factors could have played a role in the poor credit rating. In some cases, credit ratings are affected by incorrect, or outdated information.

Below are some steps that you can take to improve your credit rating and remove the “blacklisted” status from your name:

  • Check your credit report regularly
  • Check if paid debt effectively expired on the report.
  • Negotiate with creditors to reduce monthly repayments.
  • Negotiate affordable settlements of outstanding debt.

Have you been Blacklisted and are in desperate need of a Loan?

We can help you find a loan even if you have been blacklisted. Do not hesitate. Contact us today and see how we can help you.

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