For a majority of South African consumers, living with a certain amount of manageable debt is normal. However, that state of normalcy can quickly change due to unforeseen circumstances that may force you to put yourself in even more debt - perhaps more than you can afford to manage. From unexpected medical bills to high costs of living or even just reckless spending, the result of falling into the dreaded debt trap is the same - you now have a bad credit history.
You build a bad credit history when you owe a creditor or multiple creditors more than you can afford to pay off monthly, but we can assist with a loan even if you have a bad credit history. The consumer then begins to either pay the monthly instalments short or even skip payments altogether. Once you fall behind on your financial obligations, you will be flagged as a poor lender, which then serves as a warning to potential creditors you may want financing from in the future. One way to avoid this is to make arrangements with your creditor to restructure your instalments to a more manageable amount before you skip payments.
Once your credit record shows that you are either blacklisted or have a history of unreliable payments, you will likely fail an ITC check when applying for traditional financing or loans in the future, resulting in those requests being denied. At Dot Loans, we understand the ups and downs of life and how easy it is to fall into the debt trap, which is why we offer trusted and transparent financing to consumers with a bad credit history or who have been blacklisted.
At Dot Loans, we offer blacklisted consumers a range of reliable and fast finance and loan options to ensure that they get the financial assistance they need when they need it most. From a Personal Loan to a 90 Day Payday Loan, Blacklisted Loan or Debt Problems, our expert team can advise you of your options and ensure that you understand what will be required of you moving forward based on the financing option you choose. Please note that once you agree to the terms of your loan agreement, it is up to you to honour them or risk the repercussions. These can include losing any valuables you have signed as surety.
Dot Loans extensive list of lenders are registered with the National Credit Regulator (NCR) of South Africa and can help you obtain a loan designed to suit your needs quickly and conveniently. If you would like more information on how Dot Loans can help you with your financial struggles, please contact us.