Are there bank loans for people with bad credit?
Currently, South African consumers are subject to some very strict rules regarding lending. These rules are designed to help consumers with bad credit, and prevent them from incurring more debt. A direct consequence of these laws is that banks use a consumer’s credit score to determine whether or not they are a risk for repaying their loan amount on time. The bad news is that, if you do have a bad credit score or blacklisting, you will be unable to get a loan from a South African bank. Fortunately, we are here to help consumers with bank loans for people with bad credit.