If you are in debt and blacklisted. Or you think you may be on the blacklist for outstanding money due to creditors. And you are looking for loans to suit your needs and maybe consolidating some of your debt. Then an unsecured loan is what you need to be looking into. Unsecured loans or bad credit loans work similar to a normal loan from the bank. Or some other financial institution.
Except you do not risk losing your car or home if you default on your monthly repayments and cannot pay the money back.
It may be best to find out if you are on the blacklist for certain before approaching the bank to apply for any type of loan.
Because if you are not sure whether or not you are on a blacklist in South Africa there is a chance that you may not be. In which case you have a few more types of loan options available to you through the major banks.
Being in serious financial trouble and having endless credit problems can be very stressful and have a negative impact on your health. Which in turn could possibly lead to you getting ill and the last thing you need is doctors bills and medication expenses. So be sure to not let your debt problems get the better of you emotionally.
If you feel you are at your wits end with all the money you owe lenders and the bank. Then get some sort of help through a debt counselor or something. Do not suffer in your financial struggle alone without telling anyone. It is nothing to be ashamed about.
If You Are in Debt and Blacklisted – Don’t Be Ashamed
With fast rising interest rates and climbing food prices these days there are many people in financial difficulty.
So there is no reason to feel ashamed if you have to approach a debt settlement lawyer. Or a close friend to help you with your money problems.
Do your research. The internet is a great place to help you find a solution to bad credit problems. And if you seriously think you are on the blacklist, there are ways to find out if you are in debt and blacklisted online.