If you are blacklisted, the chances of you being able to get a loan are quite low. It’s unlikely that you will be able to secure any credit.
What is blacklisting?
How To Clear Blacklisting – When you enter into a credit agreement you are responsible for repaying the loan amount by the agreed specified time. Life can be quite unpredictable and circumstances may arise that may affect your ability to repay the loan. This may lead to you having an adverse effect on your credit record. When you are unable to repay your loans and you end up with judgements against your name, or you have garnishee orders against your name, you may be blacklisted, which essentially means that various lenders will become very wary of lending to you.