Is there such a thing as being blacklisted?
The term blacklisted is from the past, when clients did not pay their accounts or had judgements against their names. Only negative information was collected by credit bureaus which then reflected on the person's credit report. It is not used by credit bureaus anymore. Today there is no such thing as being blacklisted.
Today, credit bureaus include positive as well as negative information about you. Your credit score gets calculated using the data from all your accounts and credit agreements. With a higher credit score, you have a better chance at qualifying. Of course, the opposite also rings true, the lower your score you are more likely to be turned down.
If your current credit position is not that great, you should start by getting your credit report. Then start resolving any incorrect information and start by either making arrangements to pay or paying those negative accounts.
If you pay your accounts on time every month, you will find that the credit bureaus like it and reward you with a great credit score. Credit providers will consider your application more favourably. You will be paying less for credit plus you will be getting better loan terms than someone with a low score.
Will I qualify for a personal loan, if I am Blacklisted?
The easiest way for you to find out whether you will qualify or not is to complete our online personal loan application form and let us assist you through the process.
Applying for a loan with us will not cost you anything, it is free, so even if you are unsuccessful the first time, try again within a month or so, as conditions change and applying next month could get you a better answer.
If you are looking for blacklisted loans or cash loans for blacklisted please take note of the following:
When searching for personal loans for blacklisted, most importantly, you need to consider, your credit report is a reflection of how you handle your credit accounts. Ultimately it is one of the most important factors when applying for credit.
Know that lenders, banks, clothing accounts will consider your credit score. Not having stellar credit record, means that you are amongst many that are struggling to get loans or credit. While any person may apply with us, not everybody will be approved depending on your credit status and affordability.
We know that your time is valuable. Our online form only takes minutes to complete. We have helped many customers find the loan they need. You can trust us to connect you with a trusted credit provider.
Our lenders have a personal loan structure that is of such a nature that it gets determined by your overall score, which means that yes, they look at your credit record. But also base their decision for your loan on far more than just that. Should you not qualify, try again in a month or so, as credit scorings change, and you might have better luck then.
If you want to pay your loan off early, there is no settlement penalty.
Please take note of our Basic Criteria and Required Documents