Loans for Blacklisted

Getting a loans for blacklisted in the best of times can be difficult. Here is how we can help get the cash you need. In South Africa most people cannot cover an emergency. Many people must use their credit cards to meet their bills. But this isn’t the best option. What are the options for emergency cash loans with bad credit history? You might believe that because your credit score is low you don’t qualify for fast cash in an emergency. But there are several options to get past the challenges of medical bills, car repairs, and other reasons you might need emergency funds though a loans for blacklisted. You aren’t limited to using the money for an emergency. In fact, you can use the money for debt consolidation or avoid late payments on accounts. But it is important to remember that getting a loan with bad credit may come at a higher interest rate.

 

loans for blacklisted

What Hurts Your Credit Score?

There are several common reasons why you may have bad credit. Let’s start at the beginning and discover why you may have bad credit. Although there are many ways it can happen, here are some of the most common credit traps:

Your Monthly Bills

When you don’t keep track of your finances, you may not have enough money at the end of the month to pay your bills. This can add up to not having enough to pay your bills or even forgetting to pay them. Some people hope the company will eventually give up and stop sending bills. These plans don’t pay off and usually result in a bad credit score. If you don’t pay your bills, you will receive constant calls from creditors to collect the monies you owe

Constantly applying for credit or accounts

 

Each time you open or enquire for a new account, credit card, loan or any other financial service, the company does a credit check. This means they check your credit to be sure you can afford to pay for this new service. Each of these credit checks can have a negative effect on your credit record. If you have tried to apply for credit multiple times try avoiding doing any credit applications for at least 3 months for your score to improve. Or we can assist you with a consolidation loan to try ease your monthly financial commitments.

 

Making Minimum Payments

Even if you pay your bills on time, a high balance on your accounts can help to lower your credit score and reduce the chances of you getting a cash loan for blacklisted. Making minimum payments also affects your debt-to-credit ratio. When you have used more than 30% of this ratio it can affect your rating. Your total credit and debt across all your credit cards and loans determine this ratio. This means if you have a high balance on one account but zero balance on others, the ratio is balanced between all accounts.

The Side Effects of Bad Credit

There are several consequences to having bad credit. Your credit score helps determine the interest rates you pay on credit cards and loans. You may have problems renting an apartment. Landlords check your credit rating and may refuse to lease if you have a low credit score. You may have to pay more on your security deposit if they do accept you. Cell phone companies may deny a contract. Some jobs in the finance industry turn you down if you have a history of bankruptcy or outstanding bills. Insurance premiums can be higher and you will likely pay more in interest for a car loan.

How we can help you get a loans for blacklisted?

If you meet the following criteria simply complete our online loan application form below to apply

South African Citizen

Employed

Have a bank account

Leave a Comment

Your email address will not be published.

%d bloggers like this: