BLACKLISTED

blacklisted

BLACKLISTED – IN NEED OF HELP?

BLACKLISTED is not a word that brings good things to mind!
Let’s be clear, there is no physical “blacklist’ on which your name appears.
Blacklisted is just a very broad term used to describe someone who has fallen behind with paying their creditors and who now has anything from an account in arrears, to a judgement against them – reflecting on their credit report
Being blacklisted is not the end of the world, but having very negative credit report does come with some challenges.
Once you have a default or judgement on your credit profile, you will struggle to get credit from most registered financial institutions – and even rental agents/ landlords and prospective employers use your credit report to assess your suitability for their particular needs.
There are certain things which negatively impact your credit score. These are things you need to get sorted as soon as possible.

ACCORDING TO LEADING CREDIT BUREAU, TRANSUNION

THE FOLLOWING IMPACTS YOUR CREDIT SCORE:

USE DEBT REVIEW TO CLEAR YOUR DEBT AND RAISE YOUR CREDIT SCORE

The best way to raise your credit score is to pay up all your existing debt. This is what debt review offers you. A registered debt counsellor will arrange for you to pay lower monthly installments on all your debt, and become debt free within 2-5 years.
Whilst you are doing this, you will be ‘flagged” all credit bureaus – and you will not be able to incur new debt, and that is a good thing!
Once you are done paying up all your debt, your debt counsellor will issue you with a clearance certificate and notify the credit bureaus that all your debts have been paid up. At this stage, you will be debt-free and ready to to re-enter the credit market, should you wish to do so.

DEBT COUNSELLOR

Choosing the right debt counsellor on your journey to no longer being “ blacklisted” is vital in becoming debt-free. You are however at the right place. SDA is one of SA’s leading debt counselling companies and have highly competent staff members who can assist you with your debt review process

    Take back control of your finances?

    Let us call you back.








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