How to Get Personal Loans If You Have Been Blacklisted

If you live in South Africa and need a personal loan, yet you’ve been blacklisted through credit bureaus, you’ll be relieved to know that getting your loan is still possible. This is true even if you’ve had trouble getting a loan from a bank. Even people that own a home are finding it harder all the time to get a personal loan if they have less than perfect credit.
If you’re one of the many people losing sleep because they’ve been blacklisted from getting loans, you need to know that many lenders specialize in loans just for you. They can help you with a loan even if you don’t own a Interest Paid In Cash Flow Statement home, or have bad credit and other financial issues. These lenders can offer you loans especially for people like you with bad credit or other accounts that are overdue. You can also get these loans without any security.
An unsecured loan means that you don’t have to be a home owner or own any other large assets in order to qualify for it. These lenders do things a bit differently for people like you. One of these things is to charge a higher interest rate because of the high risk involved in loaning you the money. However, their qualification process is much more lenient.
You can get one of these loans throughout micro lenders in South Africa. All you need is proof of income, identity, residence and statements from your Independent Financial Consultant bank. Take these in to the lender of your choice. Avoiding banks for these loans is smart because they most likely won’t grant you the loan anyway.
More good news is that most of the qualifying work can be done through email or fax. Therefore, you don’t have to worry about going to these lenders in person. Do watch out for “loan sharks,” though. They’ll advertise loans for people like you, yet, you’ll end up in a bad situation if you go through them. That’s why it’s a better idea to go through the registered micro lenders for your loan.
It should be a relief to know that even if you’re blacklisted, you can still get the money you need through a legitimate loan.

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