loans for Bad credit

Loans for Bad Credit and Blacklisted Loans

100% free service

Unsecured Loans for Bad Credit and Blacklisted loans up to R 150 000.00
Easy online application
Same day approval
Interest rates based on credit profile from 14% – 32%
Repayment periods from 3 – 60 months
Qualifying criteria
Must be 18 years or older
Have a South African green bar coded ID
Earn a basic minimum salary of R 3 000.00 per month
Have your own bank account
Permanently employed for a minimum of 3 months at current employer
Process
Complete our online application form or request a form from us via email
Once application is received your application will be processed and an offer emailed to you with amount, period, installment interest rate you qualify for with requirements to finalize the process, then you can decide to take up or decline the offer.
If all documents required are correct and contract signed application can pay out with in 24hours
APPLY or Request application form
What is blacklisted?
Blacklisted is a term used for individuals who are recognized as a credit risk. Due too late or non-payments on accounts or not paying the full instalment due every month. There is not an actual blacklist, this is just a term used to declare that one is unable to qualify for credit due to negative listing. This is where we come in we can still get you a loans for blacklisted, bad credit loan, blacklisted loans. Remember every time you apply for credit it affects your credit score negatively.

Why Debt Review?

Don’t despair if you feel like your debt is getting out of control, we can help you. The debt review process was created to help South Africans get out of debt. This is a rehabilitation process that can get you back on your feet. Debt Review can assist you to have more money for your living expenses at the end of the month.

What is debt review?

Debt review is a process that is regulated by the National Credit Regulator (NCR) and it involves a registered Debt Counselor acting on behalf of you, the client to help reduce your debt into one monthly reduced affordable repayment. The debt counselor has 60 days to complete the process. The debt counselor will negotiate on behalf of the client with all his credit providers. Once a final proposal with all the reduced monthly payments is sent to all credit providers an attorney is appointed to move an application in court and obtain a court order. A credit clearance certificate will then be issued to the client once all of his debt is fully paid up.

The debt review process

  • The client applies for debt review and pays an application fee of R50 + vat.
  • The debt counselor will do an assessment to determine if the client is over-indebted.
  • If the client is over-indebted a form 16 will be signed
  • Form 17.1 which is a notification to credit providers and credit bureaus that the client has applied for debt review.
  • The NCR will also be notified via the NCR Debt help website.
  • The credit providers will then respond with a certificate of balance reflecting the exact amount and interest rates that the client owes.
  • The client will have to start paying fees, Month 1 will go towards the debt counseling fees and month 2 will be for legal fees.
  • All fees are prescribed by the NCR. DC and Legal fees cannot exceed R6000.00 + Vat
  • The debt counselor will then issue a form 17.2 to all credit providers and credit bureaus to notify whether the client’s debt review application is successful or has been rejected.
  • The debt counselor will then issue a proposal to all credit providers detailing the repayment plan.
  • Credit Providers then have 5 days to respond with consent order or with amendments.
  • An attorney will then be appointed to take over the legal process.
  • A court date will be set and a magistrate will hear the application.
  • A court order will be granted.
  • After all the debt is paid the client will be issued with a credit clearance certificate.

Will you qualify for debt review?

Qualifying criteria is as follows:
  • You must be working and be able to provide pay slips
  • If you are married in community of property, it will have to be a joint application. So you and your spouse will have to go for debt review
  • You must be over-indebted, which simply means that your debt and monthly living expenses is more than your monthly income.

Debt Counseling can help you to get your finances back on track. If you are stuck in the debt trap, we can help you out. Let us help you to live your best life.

Bad Credit Loans

Do you need Blacklisted Loans and Bad Credit Loans?

Yes, you can get a personal loan if you are blacklisted through Blacklisted Personal Loans. Complete our easy online application (link to app page). Once your application is received by one of our friendly agents, it will be processed and you will receive a call or email reply with the outcome of your application. We will then finalize your application for your loan payout. Loans for Blacklisted does not charge their clients any fees to process application. Our service is 100% free.

Services available

Payday loans: Short term loan up to 30 days. Quick access to cash for emergencies that pop up during the month.
Short term loans: Loan period 3 – 6 months up to R 15 000.00.

Long Term Loans: 12 – 60 months up to R 150 000.00. Buying a car, need to pay for kids’ education, or refurnish your home,

Consolidation Loans: 72 months up to R 150 000.00. Consolidate all your debt into one manageable monthly installment.

How can we help you get a bad credit loan?

Blacklisted Personal Loans has contracts with various credit providers specializing in helping clients who have poor credit ratings. All our providers are NCA and NCR registered financial service providers. Apply from the comfort of your home or office, our service is available countrywide and can be done via phone, email, or fax.

Bad Credit Loans

Bad Credit Loans

Bad Credit Loans, Loans for Blacklisted, Blacklisted Consolidation Loans up to R 150 000.00

loans for bad credit

 

We offer unsecured blacklisted loans as well as unsecured personal loans from  R 1 000 – R 150 000 over 60 months country wide no original documentation needed. Please note that we DON’T CHARGE ANY FEES for our services. All our blacklisted personal loan providers are NCA and NCR Registered. Blacklisted Personal Loans can be paid on the same day if all documentation is correct. We will source the best possible blacklisted loan product to suit your needs. We offer the following: short term loans, long term loans and pay day loans.

What is a Blacklisted Personal Loan or Bad Credit Loan?

loans for blacklistedThese are loans designed for clients who have a low credit score or poor credit history and for clients who cannot get a loan through the banks.

Who can’t we help with a loan?

  • Applicants that are currently under administration, sequestration, liquidation or debt review. Applicants that have applied for or who are currently undergoing debt counseling.
  • Temporarily employed applicants.
  • Applicants that cannot afford the monthly installment.

How to apply?

Complete the Application Form to apply or Contact Us for more info

Blacklisted Loans and Bad Credit loans

Blacklisted loansBlacklisted Loans or Bad Credit loans

Looking for blacklisted loans or bad credit loans, we can help complete our online application for a pre approval of up to a R 150 000.00 over 60 months, we do not charge any fees for our services. Same day approval. We also offer bad credit consolidation loans, debt review, End your debt clear all your debt in two years and blacklisted vehicle finance. All service providers are NCA and NCR accredited and interest rates are very competitive. If you are under debt review or admin order click here for more info on how we can help you be debt free in two years legally. When applying for  a blacklisted loan make sure all details on the application form is correct for an accurate pre check.

LOANS

We offer the following services

Personal loans, bad credit loans, blacklisted loans, consolidation loans, pay day loans, debt review, end your debt, bad credit vehicle finance

Our service are free we do not charge any fees to process application.

Try us today apply now .

Personal loans up to R 150 000.oo over 60 months.

Regards

TA Consulting Team

Why choose Debt Review?

Are you, like many other South African’s struggling with your DEBTS?

Do you fall into ANY of the categories below:

  • Have you been REFUSED credit, such as loans, store cards, etc?
  • Are you BLACKLISTED?
  • Are you in ARREARS with some of your debts?
  • Are you getting LETTERS and PHONE calls?  Scared to open your mail or answer the phone perhaps?
  • Cutting back on ESSENTIALS to try and get by each month?
  • Have NO money left over each month?
  • STRUGGLING to pay your monthly debt repayments and you don’t know what to do?

Don’t WORRY, we can HELP YOU!!!!!

We can;

  • Stop the creditors from taking any further legal action!
  • Give you the benefit of only ONE, REDUCED payment that you CAN afford, giving you more money to live on each month.

 

Our registered debt counselors can assist you with your situation, which is designed to help people with financial difficulties to reduce their monthly debt repayments to ONE AFFORDABLE amount.

 

If you need my help please don’t hesitate to contact us.

Voluntary Surrender of Your Estate – With Property

The surrendering of your estate is a process instituted by the Courts to help persons that are no longer able to pay their debts due to circumstances out of their control. After Surrendering Your Estate your debts are deemed to have been written off. Your creditors are no longer allowed to demand payment from you. Surrender enables you to normalize your financial matters. You will have no more fears that creditors will phone you day and night from “private numbers” and you can answer your calls fearlessly.

 

You will be able to legally get rid of all your debt and start with a new beginning

 

What are the advantages?

 

  • Most importantly – ALL YOUR DEBT IS WRITTEN OFF – including the debt you are already blacklisted for on ITC. (You will not have to pay back any of your creditors and you will be completely debt free).
  • You will no longer be liable towards your creditors, including banks, personal loans, SARS, etc.
  • You will no longer need to communicate with any of your creditors, we will handle all communications.
  • You will be able to stay in your house or rent it out for + another 8 – 10 months before you have to move.
  • After your voluntary surrender your FULL income will remain your own. All garnishee orders against your salary will be stopped or cancelled.
  • All other garnishee orders or deductions from your bank account will stop.
  • You do NOT need to appear in court or communicate with your creditors.
  • You will be able to keep your furniture and other movable assets.
  • You will be able to keep your vehicle/s if it is paid up to date. If it is financed by a bank it will only be repossessed in 4 – 5 months from the date you apply for Surrender of Your Estate.
  • Within 3 years’ time after your Voluntary Surrender you will be able to apply for rehabilitation and you will be creditworthy again.  
  • What are the disadvantages?
  • For your insolvency period, you will not be credit worthy.
  • You may under no circumstances make any new debt.
  • You may not have a current account or a credit card facility.
  • You need to apply for rehabilitation after your sequestration period of 3 years is over.

 

 

What will it cost me?

 

  • If you do decide to apply for voluntary surrender most of the costs will be covered by the curator from the proceeds of the liquidation (sale) of your estate.
  • A once off administration fee is payable for processing your application and to make an application to the High Court. As soon as we received your information we can give you a quotation.  
  • The Voluntary Surrender of Estate Process
  •  
  • You will be required to complete an application form with your personal information as well as information regarding your creditors.
  • Upon receipt of your fully completed application form we will do an assessment and inform you about your options.
  • Should you want to continue you will sign a Consent form for us, instructing us to continue with your application.
  • Once we received your Consent to continue with the application we will immediately place an advertisement in the Gazette. This advertisement will stop all legal actions against you.
  • We will send you a copy of the advertisement so that you can see that the application is done. You can also use this advertisement to notify your creditors, should they still keep on phoning you.
  • At this stage we will wait for the application to appear in the High Court.
  • After the application is approved in the High Court the Court must appoint a Curator. This can take months.
  • Once the Curator is appointed he will contact you to introduce himself and to inform you when he will have to arrange an auction for your property.

 

FREQUENTLY ASKED QUESTIONS:

 

CAN MY CREDITORS TAKE MY SALARY?

Once you are sequestrated no creditor is allowed to attach your salary,

 

WILL I LOSE MY FURNITURE?

No. Your attorney will negotiate on your behalf for the household furniture to be excluded from the Insolvent Estate.

 

WHY HAVE THE BANK GRANTED A JUDGMENT IF I HAVE BEEN WITH A DEBT COUNSELLOR? IS THE JUDGMENT VALID?

If the court has granted judgment against you, in most cases your Debt Counsellor’s application was not successful, and the bank can indeed go ahead with legal action and sell your house on an auction. The judgment is fully valid and further steps will be taken to the full extent of the law.

 

BUT I HAVE ALREADY PAID MY DEBT COUNSELLOR A MONTHLY FEE?

Even though your Debt Counsellor may have distributed a certain amount of money between your creditors, if your Debt Counsellor’s application was refused by the court, the money already paid to them will not stop legal action already started against your.

 

WILL A DEBT COUNSELLOR BE ABLE TO HELP ME IF JUDGMENT WAS ALREADY GRANTED?

No. A Debt Counsellor may only be able to assist you if the court has not yet granted a judgment against you.

 

WHAT IS REHABILITATON?

Rehabilitation is an application to the High Court to declare you are financially fit to be able to apply for credit again.

 

WILL I BE ABLE TO BUY ANOTHER HOUSE OR VEHICLE AFTER MY REHABILITATION?

Yes.

 

WILL MY EMPLOYER BE NOTIFIED OF MY VOLUNTARY SURRENDER?

No. It is completely confidential.

 

WILL I STILL BE ABLE TO BE A MEMBER OF A COMPANY OR CLOSED CORPORATION IF I APPLY FOR A VOLUNTARY SURRENDER?

If you are already a member of a company or close corporation it will affect your position and, you will not be able to become a member of a new company or close corporation until you are rehabilitated. You will be able to become a member after your rehabilitation.

 

DO I NEED MY SPOUSE’S PERMISSION TO APPLY FOR A VOLUNTARY SURRENDER IF WE ARE MARRIED IN COMMUNITY OF PROPERTY?

Yes

Voluntary Surrender of Your Estate – Without property

Debt Relief

The surrendering of your estate is a process instituted by the Courts to help persons that are no longer in a position to honor their debts due to uncontrolled circumstances.

 

Surrender enables you to regain normality in your financial affairs – where you can adjust your lifestyle to be in line with the available budget, without creditor headaches.   You will experience a normal lifestyle without the fear that creditors will phone you day and night from “private numbers” and therefore you can answer your calls fearlessly, and no more fear that the sheriff may make an unwanted house-call.

 

What are the advantages?

 

    • Most importantly – ALL YOUR DEBT IS WRITTEN OFF – including the debt already blacklisted on ITC. (You will not have to pay back any of your creditors and you will be completely debt free).
    • You will no longer be liable towards your creditors, including banks, personal loans, TAX etc.
    • You will no longer need to communicate with any of your creditors, we will handle all communications.
    • After your voluntary surrender your FULL income will remain your own. All garnishee orders against your salary will be stopped or cancelled when the court order is in hand.
    • All other garnishee orders or deductions from your bank accounts shall stop.
    • You do NOT need to appear in court or communicate with your creditors.
  • You will be able to keep your furniture and other movable assets. If on HP advise us.

 

  • You will be able to keep your vehicle/s if it is paid up to date or is under a lease agreement and not a HP agreement.
  • Within 2 years after your voluntary surrender you will be able to apply for rehabilitation.
  • After the Rehabilitation your Credit Record and ITC will be clean and you can continue debt free with your life.
  • What are the disadvantages?
  • You will be insolvent for at least the next 2 years. You can after 24 months apply for Rehabilitation and you will be creditworthy again with a clean ITC record. There are circumstances where you can apply for rehabilitation after 18 months. For your insolvency period, you will not be credit worthy. You may receive permission from you curator in creditable circumstances for example when you need to purchase a vehicle
  • You may not have a current account or a credit card facility. You may under no circumstances incur any debt. What will it cost me?
  • An administration fee is payable for processing your application in the High Court. As soon as we receive your Application form we will be able to give you the total cost that you will have to cover and then it will be up to you to decide if you want to continue. Here with a short summary of the procedure.1.      We publish an advert in the Government Gazette and the Citizen. This will prevent any further legal procedures against you i.e. execution notices, seizure on your movable and/or immovable property, etc. 2.      An ability statement is drafted that you must sign before a Commissioner of Oaths. This document is submitted for inspection at the Master of the High Court for 14 days or with the local Magistrate. 3.      Thereafter a registered letter is forwarded to all your creditors as notice of the surrendering of your estate. Your creditors will then contact me for information. You will also be provided with the same notice to enable you to forward to nagging creditors.       If your vehicle is under hire purchase, the Rules of Court stipulate that any bank may repossess the vehicle. Keep in mind that the whole process will take a few months and that you will still have use of your vehicle for the next 5-6 months without paying anybody.Vehicles registered in another person, or legal persons, name will not form part of the estate also if your vehicle is paid up it will not form part of the application.
  • What happens to your Vehicle?
  • * Failure to comply with the arrangements made with the curator may result in removal of the furniture.
  • 8.     We will send you a list so that you can list all your movable assets like furniture. Your furniture will never leave your house. The purpose thereof, as you do not own immovable property (e.g. a house), is to do movable asset surrender. On paper you will then buy your furniture back from the Curator that is what the R2333.00 in the example that we used above is used for. Once the application has been approved and granted in the Court the Curator will contact you to confirm the details in respect of your assets.
  • 7.      The Court Rules determine that you pay 22c in a rand back to your creditors. In other words if you owe FNB, R1-00, you must pay them at least 22c back. If your total debt is R200 000, you will pay R44 000.00 back to the Curator who will distribute it to your creditors (Please note that these are approximate figures). Arrangements may be made with the curator to settle the amount with them in installments between 12 to 19 months. Therefore, if you owe the Curator R44 000, you can repay it in installments of R2 445.00 per month for 18 months – there are no further interest or costs thereon. Please note that when you apply we will be able to give you the exact amount that you will have to pay back to the Curator.
  • 6.      After the application has been approved and granted by the Court, a curator is appointed to handle all financial matters on your behalf. The curator will contact you to arrange a consultation to explain the details to you.   If you live outside of Pretoria or Johannesburg a telephonic consultation will suffice.
  • 5.      At the day of the Court proceedings an Advocate will represent you; there will be no need to attend any court hearing in person.
  • 4.      The South African Revenue Services are also notified, even if you are not registered with SARS.
    1. At the day of the Court proceedings an Advocate will represent you; there will be no need to attend any court hearing in person.

     

    1. After the application has been approved and granted by the Court, a curator is appointed to handle all financial matters on your behalf. The curator will contact you to arrange a consultation to explain the details to you.   If you live outside of Pretoria or Johannesburg a telephonic consultation will suffice.

     

    1. The Court Rules determine that you pay 22c in a rand back to your creditors. In other words if you owe FNB, R1-00, you must pay them at least 22c back. If your total debt is R200 000, you will pay R44 000.00 back to the Curator who will distribute it to your creditors (Please note that these are approximate figures). Arrangements may be made with the curator to settle the amount with them in installments between 12 to 19 months. Therefore, if you owe the Curator R44 000, you can repay it in installments of R2 445.00 per month for 18 months – there are no further interest or costs thereon. Please note that when you apply we will be able to give you the exact amount that you will have to pay back to the Curator.

     

    1. We will send you a list so that you can list all your movable assets like furniture. Your furniture will never leave your house. The purpose thereof, as you do not own immovable property (e.g. a house), is to do movable asset surrender. On paper you will then buy your furniture back from the Curator that is what the R2333.00 in the example that we used above is used for. Once the application has been approved and granted in the Court the Curator will contact you to confirm the details in respect of your assets.

     

    * Failure to comply with the arrangements made with the curator may result in removal of the furniture.

     

    What happens to your Vehicle?

    If your vehicle is under hire purchase, the Rules of Court stipulate that any bank may repossess the vehicle. Keep in mind that the whole process will take a few months and that you will still have use of your vehicle for the next 5-6 months without paying anybody.

     

    Vehicles registered in another person, or legal persons, name will not form part of the estate also if your vehicle is paid up it will not form part of the application.