Blacklisted? Clear Your Name effectively. How-To Guide in South Africa

Did you know that despite rising interest rates and poor economic conditions South Africans are coping with their debt? Unfortunately, not everyone is lucky enough to stay on top of their debt.

If you fall into debt, you can get blacklisted. So, what should you do if you’re blacklisted? Clear your name! In this article, we’ll walk you through everything you can do to get your name unflagged. Let’s get started!

Why Do You Get Blacklisted in South Africa?

When you can’t pay the debts on your loan's repossession isn’t the only thing that will happen to you. It can also have long-term consequences on your credit.

When you don’t pay your debts, your lender will label you as a defaulter. From there, your name will be flagged on the credit bureau. So, whenever you try to take out new credit the lender will see that you’ve been a bad payer in the past.

It’s called blacklisting because it blocks you from getting credit almost everywhere until you get it taken care of.

Make Sure You Check Your Credit Report

As a South African citizen, you’re allowed to access your credit report once per year for free. If you’ve been blacklisted, you must do this right away.

It will allow you to see which debts on your profile are causing you to be flagged. Once you learn what they are, you can begin to clear your name from a blacklist.

**What If You Were Blacklisted by Mistake?**

If you checked your credit score, and know you made payments on time, then there could have been a mistake when getting blacklisted.

When this happens, you can file a complaint with the NCR, or National Credit Regulator. They’ll work with you to reverse the mistake.

Clear Yourself by Going into Debt Counseling

Odds are if you’re deep in debt, you don’t have enough money to balance your expenses with your payments. If you fall into this category, it’s time to contact a debt counseling professional.

They can help you learn how to clear your name from being blacklisted. This is a legal operation in which a counselor negotiates with your creditors on your behalf.

Your counselor works on your behalf to reduce your interest rates, extend your credit agreement, and have the installments themselves lowered. Just make sure you’re going with credible company.

There are a lot of unreliable operations that take advantage of people in a tough position.

Were You Blacklisted? Clear Your Name with Credit Salvage

We hope this article helped you answer the question, what do I do if I’m blacklisted? Clear your name as fast as you can if this happens to you. The longer you’re blacklisted, the harder it will be to get out of debt.

If you’re ready to get rid of your debt, then contact Credit Salvage. We work with people who are serious about clearing their debt by vouching you to prospective credit providers.

So, apply for our credit clearance application to start getting out of debt today.

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