With the rising prices of vehicles these days car finance is popular in South Africa. But what if you have a bad credit record? This can be more challenging as the major banks will not be able to help. Here we take a look at your options to borrow money to finance a car even if you have a bad credit record and are struggling everywhere else. You can get car finance for bad credit scores in South Africa with options including: Car dealerships that accept bad credit Bank declined car finance Blacklisted vehicle finance with same day approval Inhouse vehicle finance for blacklisted with no deposit With bad credit car finance you don't have to stress about your previous credit record stopping you from buying a car. Even if you've gone bankrupt in the past and you're rebuilding your credit record. Or maybe you simply fell behind on a few bill payments. You can still get car finance approval for a bad credit record in South Africa. So let's take the list above and break down your vehicle finance options. Car Dealerships that Accept Bad Credit The following car dealerships in South Africa accept bad credit scores and offer… Read More

We cover how a pawn shop loan works in South Africa using the following 6 points: What a Pawn Shop loan is and the benefitsWhere you can get Pawn Shop Loans in South AfricaThe Most Money a Pawn Shop will LoanPawn Shop Cash LoansDo Pawn Shop Loans Affect your Credit Score?What Happens if you Don't Pay Back a Pawn Loan? There are plenty of pawn shops in this country that will lend you cash. However this kind of borrowing works a bit differently than your average loan. So if you are interested in applying, let's get right on and explain exactly how a pawn shop loan works in South Africa. What a Pawn Shop Loan is and the Benefits So what exactly is a pawn shop loan? In a nutshell it is a loan you get from a type of second hand store against personal goods you no longer want or need. For example: You need a quick cash loan to help you pay some outstanding bills. You don't have the money but you do have some personal items you want to get rid of. You can pawn items such as: A television setGold and JewelleryFitness equipmentCellphonesA cameraA bicycle So… Read More

How can you avoid being blacklisted? A staggering number of South Africans are finding themselves blacklisted. As a result of having a bad credit record. In times of a global economic crisis, people find themselves increasingly unable to meet all their living expenses. As well as debts causing people to default on credit payments. Being blacklisted has various limitations because lenders and employers may be wary of you. Particularly if you have not been able to be a good credit holder in the past. Having a bad credit record means that you have borrowed money or bought goods on credit. But you haven't managed to pay the required payments on time. This information is recorded and the data is included on your credit history. If you have proven to be a bad credit holder and have a poor credit record, this could land you on the blacklist. You may have difficulty getting any kind of loan. Or taking out a cellphone contract, financing a home or vehicle. Or even opening a bank account and landing a job. Should a lender agree to lend you money, the interest rates for you will often be much higher than for a credit-clean candidate.… Read More

If you are desperate to get a loan in South Africa then read on. There are credit providers who can help you get the finance you urgently need. We look at the types of loan solutions available to help people if you feel your situation is hopeless or impossible. The types of loans available in South Africa for desperate people are: High Risk Loans Guaranteed ApprovalBad Credit Personal Cash LoansWhen you Need a Loan but BlacklistedPrivate Lenders for Personal LoansCovid 19 Loans during or after a Pandemic There are other finance options available to apply for but we feel that these are the best. Because when you desperately need a loan you need it fast. So try not to get too disheartened as we take a look at the following loan options available. High Risk Loans with Guaranteed Approval can Help when Desperate for a Loan in South Africa You can apply for high risk loans with guaranteed approval in South Africa. Firstly let's clarify something. When we mention high risk we mean that the borrower is a risky person to lend money to. So not that the creditor offers a risky loan because the interest rates are really high.… Read More

Find what banks give the lowest interest rate on personal loans in South Africa. If you want to know which banks offer low fees and interest charges then read on. The following list is a list of the banks in South Africa that offer low personal loan interest rates. Standard BankFNBABSA BankAfrican BankCapitec BankNedbank So those are 6 of the best banks for the lowest interest rates on personal loans in South Africa. Now let's briefly break down each one. Who Gives the Lowest Interest Rate Personal Loans in South Africa? Standard Bank Personal Loans Standard Bank in South Africa offer personal loans that are easy to get. You can apply online for a term loan. Or use their banking App to see how much you qualify to borrow. Their interest rates depend on your circumstances. Therefore the better your financial circumstances. Or the better your credit record is, the lower the interest rate will be on a personal loan at Standard Bank. FNB (First National Bank) Personal loans from FNB can be fixed from as low as 12.75% per annum. They offer a personalized loan of up to R300 000 and fix your repayments. So your repayments stay the… Read More

The Covid 19 personal loans and grants available online are for people who have been hit financially by the pandemic. There are also Covid-19 loans for self employed in South Africa. These loans will help you if you need to borrow money because of the Covid 19 crisis in SA. When you apply for a loan you need to keep a few things in mind. Obviously the fact that you need to pay the money back. But also what is your affordability when it comes to paying back the money you borrow. Especially if your personal finance is tighter because of Covid 19. Your Covid 19 Personal Loans Affordability Take a good look at the interest rates offered on the Covid loans and grants to calculate your repayments. The points you need to consider are: Loan amount. How much you want to borrow.Repayment Terms. Over how long you want to repay the loan.Interest Rates. The bigger loans and grants over longer terms have the higher interest rates.Any service fees. Some lenders charge a monthly service fee.Your credit record. You're not likely to get a covid 19 personal loan if blacklisted.Your documents. ID, proof of address and bank statements with proof… Read More

Yes you can get car finance if you are blacklisted here in South Africa to buy a new car. Although it won't be a vehicle loan from Absa or Capitec or FNB or any other bank for that matter. Because the banks can't finance people for a vehicle if they have a bad credit record or as most people say, are blacklisted. This short video explains more on how to buy a car if you are blacklisted in South Africa. https://www.youtube.com/embed/20tSXrrniI0 Transport is a necessary and important part of living your daily life. There are of course many ways in which you can get around besides buying a vehicle. Make sure you consider these before trying to purchase a car. If you are blacklisted you should be especially careful of taking out loans as you do not want to worsen your credit situation. This may also interest you: Blacklisted Car Finance for People in South Africa Everybody needs to get around every day. Sometimes to several destinations and usually on a tight schedule. To keep to a schedule successfully you must have reliable transport. That gets you to your destination and home safely and on time. Where Can you Buy… Read More

Under administration loans and offers for borrowing are available for people in South Africa although a bad idea. You should always try to maintain a good credit record. Stick to your agreements and contracts when it comes to paying off your debt. You need to do everything in your power to ensure that you do not find yourself in more debt. Read More: Getting Help With Debt However things go wrong and you have gone under administration for your overwhelming debt. So you should steer clear of getting yourself into further debt. Under Administration Loans - getting overwhelmed by debt? In today’s consumer driven society where instant gratification and advertising push us to buy. It's easy to find ourselves struggling with debt. It is very simple to get a loan with a range of different financial service providers, many of whom are not always reputable. This means that they will allow individuals who are high risk to take out under administration loans and then enforce extortionate compounding interest rates that bankrupt the individual in a very short amount of time. It is also far too easy to open a store account. Or get a credit card, get a cell phone… Read More

Who offers loans for blacklisted people in South Africa? If you're in some financial trouble this is a question you might ask. Truth is there is no straight forward answer. While many of the big institutions run away from those who have a tainted record. For a variety of reasons there is hope out there and you certainly have avenues to explore in terms of receiving credit. Related Information: Credit Blacklists & South Africa Credit Checks There may be an initial amount of frustration. Because you may have to change from one institution to the next. This will quickly subside as you realize that you can find another loan to continue with your plans. Of course it is not always that simple. There are qualifying criteria that you will need to consider. Below is a list of what you will need to keep in mind when applying for a loan as a blacklisted person: Age - Many organizations offering loans require individuals to be over the age of twenty years. And it appears there is no maximum age.Monthly Income - As a potential applicant, you will need to be earning a monthly salary of at least R1,500-00 per month.Nationality -… Read More

If getting help with debt is what you need then take action without waiting any longer. If you have financial problems and you don’t see to them, they will only get worse. Without counselling and some advice, your situation might not get better as soon as you would hope. You probably have heaps of bills to pay. And you have more than likely heard of consolidation loans but just shrugged that idea off. Thinking that it will bring you more debt, getting yourself further into trouble. Related Information: Bad Credit Personal Loans The truth about consolidation loans is that they are available to most people with debt. You should still get all the counseling and advice you need about your financial problems. But with one of these loans you will be able to pay off all of your bills at one go. This means that you will only have one big debt to pay off instead of all the little ones. Therefore a lot less stressful for you, and will get all of those people off your back. You will be faced with one debt that you will pay off, probably for a long time. But that is fine. It… Read More