Around 6 million South Africans are currently blacklisted, so it’s important to check your status and any outstanding issues on your file. If you’re concerned that you might be blacklisted, you can check your credit score to see how you’re doing. The term “blacklisting” or “blacklist” is a term that is still widely used among South African consumers. The term “blacklisting” or “blacklist” is still commonly used in South Africa, but the concept of “blacklisting” no longer exists.
How do I find out if I’m blacklisted?
This information is provided by creditors whose accounts you have not complied with in accordance with the agreement, or by the lawyers appointed to collect them from the accounts. You can hire third-party services that will not only call your previous employer, but also create a detailed protocol that notes the tone of voice and other advice. In the credit industry, you will be blacklisted if certain negative information is included in your credit reporting profile.
How long does blacklisting take in SA?
Administrative mandate This is a voluntary request from the consumer to avoid legal action from credit providers. Life can take unexpected turns though, and it could get to a point where repayments become so overwhelming that they’re unaffordable and you’re blacklisted by a creditor. If a consumer has been blacklisted or has negative listings, this could of course raise red flags and creditors could refuse to lend. Knowing that you can get a blacklisted loan doesn’t mean that something can’t deny you the blacklisted loan.
References:
- https://www.businesslive.co.za/bd/national/2017-05-02-this-is-an-easy-way-to-check-if-you-have-been-blacklisted/
- How To Check If You Are Blacklisted In South Africa – nichemarket
Barry Ritholtz is a renowned finance expert, author and blogger. With over 30 years of experience in the financial industry he has gained a reputation as a thought leader and influencer in the investment community.