There are many reasons why a blacklisted consumer might find themselves in need of a Blacklisted Personal Loan. Our country’s living prices (the cost of food, petrol and electricity) continue to rise, while most workplaces are unable to accommodate annual increases that allow middle or low income earners in South Africa to keep up. As a result, a struggling working class find themselves becoming deeper and deeper in debt.
At I Loans, we provide a range of customized loan solutions to those who are most in need, and make a concerted effort to keep repayment and interest rates as low as possible when granting Blacklisted Personal Loans. As an individual who is classified as blacklisted due to a poor credit history of late or missed payments to one or more creditor, you may now find yourself struggling to attain financing. This is because in most cases, banks and other financial institutions or creditors will first perform a credit check before approving your loan application. You could already have paid back all that you owe to your past creditors, and still show up as blacklisted, which makes it hard to be approved for financing.
The application process for Blacklisted Personal Loans can be done online via our website, and is free, so you have nothing to lose. Our dedicated team ofI Loans consultants are also available to answer any questions you may have, and aim to provide a loan service that is suited to your financial restrictions, keeping you from re-entering any financial commitments that exceed your affordability. The aim is to make your life easier, and so it is important that you first consider whether your new loan repayments for your Blacklisted Personal Loan can be managed without stress.
Blacklisted Personal Loans can be required for a number of reasons. Sometimes, unexpected medical expenses have to be paid right away as a matter of urgency. Other times, car repairs and costs associated with the needs of dependants make it necessary to apply for financial assistance. Even though the situation might call for quick access to a loan, it helps to ensure that you are applying for this loan through a reputable company – at I Loans, our financial services and those of all our lenders are aligned with the practices approved by the National Credit Regulator (NCR)) of South Africa. All our lenders are also registered with the National Credit Act (NCA).
At I Loans, we make it possible for struggling South African’s to apply for online loans even if they have a bad credit score. In order for us to grant these loans to blacklisted individuals, valuable assets in the name of the individual acquiring the loan usually needs to be signed as surety – if payments are not honoured, we can lawfully claim ownership of that asset, for this reason it is imperative that you carefully consider your affordability before applying for a Blacklisted Personal Loan.