Category Archives: General bad credit topics

debt review loans online

Loans For People Under Debt Review South Africa

A loan is something that can be of great assistance to anyone when in need of finances for whatever reason they may need it for. The economy has not been very friendly to a lot of people in South Africa and the 2008 recession was felt by almost everyone. Unfortunately a lot of people are still feeling the sting of the 2008 economic recession as some people lost their jobs and were not able to pay back all of their debt like they had planned to. Continue reading

Blacklisted loans from banks

Being blacklisted is one of the most uncomfortable situations a person can find themselves in. The negative personal financial profile that is viewed in a suspicious manner all the time. Doors easily close before the application is complete. Many South Africans find themselves in this situation. The National Credit Regulator (NCR) has reported that more than 10.5 million South Africans with credit where not able to manage it properly. They have not met their repayments for 3 months or more and are in deep areas. In times past credit was easily available. However financial institutions have been proactive in eradicating reckless lending. It damages businesses and hurts the consumer. Since the 2008 global banking crisis that began overseas and spread across the world. The financial markets have been slowly recovering. However the South African economy has not fully recovered and it has been stagnant with more than 34% unemployment. The financial markets experienced a credit freeze and this resulted in banks find it hard to loan out money.
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Quick Cash Advance Loan

How to Get a Quick Cash Advance Loan

There are a lot of micro credit loan companies in South Africa. Getting one that is reputable to help you is always a good idea. There are some who offer interest rates that are unacceptably high for their customers. That is why it is crucial to be well informed before you take out a micro loan on cash advance basis, whether short term or long term. Alternatively you can speak to your personal financial consultants. Credit card service providers usually are the ones that offer loan advance. Continue reading

Reasons why you didn’t get a loan

Reasons why the loan was declined – What you need to know about credit records

Credit bureaus are often the first stop for many lenders when deciding whether to grant an individual credit or not. These institutions are responsible for collecting and monitoring consumer and company credit data relevant to a person or company’s lending history and habits. Consumer credit activities are monitored and recorded and are reflected as credit records.
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How to check your credit score in South Africa

How to check your credit score in South Africa

Obtaining credit can be a relatively simple nowadays. As a consumer, maintaining a good credit record could help you buy a house, a car, furniture or get a much needed loan or credit card.

Credit bureaus are often the first stop for many lenders when deciding whether to grant an individual credit or not. These institutions are responsible for collecting and monitoring consumer and company credit data relevant to a person or company’s lending history and habits.

While lending companies have access to an individual’s credit record when they apply for credit, individuals are also able to access this crucial information.

Let’s have a look at various ways one could access their credit rating:

View your credit score with TransUnion

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Game credit and finance services

Popular discount retailer Game has established a reputation as a trusted store. A subsidiary of Massmart Holdings, the first Game store opened in Durban, South Africa, in1970. The founders wanted to create a fun shopping environment when they created the store. Their formula for success paid off, Game now operates 110 stores in 12 African countries.
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Africash Loans – hassle-free cash

There are some months that are harder to get through. Family budgets can be thrown off-course by unexpected travelling expenses, emergency medical bills or rises in fuel costs. Sometimes you may need help just to make it through to the next payday.

A cash loan from a micro lender can be very helpful in such cases. If you’re in need of an extra boost of cash you no longer only have banks to rely on. There are numerous reputable lending institutions available to help you meet your most pressing financial needs. Africash Loans is one such institution.
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Gallardo Finance Corporation – get up to R250 000 in finance

Getting access to car finance has become a much simpler process these days. It is always advisable to maintain a good credit record – this always makes this process easier ultimately. However, life doesn’t always go exactly the way we’ve planned. Certain events may cause us to deviate from our plans, potentially leaving us financially stranded. This may mean that credit ratings become affected negatively, possibly resulting in blacklisting. This creates numerous challenges in terms of getting financial assistance in the form of credit.
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Bridge Loans, short-term credit needs

The ideal solution for short-term needs, Bridge Loans has been providing loans for just over 20 years. Established in 1994, Bridge Loans has been providing quality short-term solutions to a range of individuals.Now with over 175 branches across South Africa, this leading financial services institution has maintained a glowing reputation as an unsecured finance provider.
Offering individuals up to R15 000 in finance, Bridge Loans has a simple and straightforward application process. This is in addition to the flexible repayment periods given to clients: 1 to 36 months.
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