Online bank loans for blacklisted consumers in South Africa

Online bank loans for blacklisted consumers in South Africa

Online bank loans for blacklisted consumers in South Africa

South Africans are still struggling with the after effects of the recent global economic flux, which has left millions in debt and over 48% of the population with damaged credit scores or “blacklisted” by the credit bureau. Unfortunately, banks are reluctant to provide these consumers with funding to rectify there credit situations, often refusing the loans that would help to consolidate consumer debt and repair damaged credit status. However, alternative lenders do offer online bank loans for blacklisted consumers in South Africa, and although they are charged at a slightly higher interest rate than normal loans, these require minimal application processes and approval is easy.