You may have stumbled upon blacklisted loans, if you’re one of the unlucky many who have bad credit. While presumably scouring the internet for a quick fix, after being rejected by all of the reputable banks.
You may be contemplating this route as you owe rent and stand to be evicted, or you may need money for a medical emergency. Perhaps you’re playing around with the idea of blacklisted loans because you’re in denial over the unsustainability of your lifestyle. But you just want a new car, despite being on the brink of over-indebtedness.
Whatever your motivation for looking into this option, you need to be aware that the advantages of debt review will always outweigh those of blacklisted loans.
Consider recent statistics, such as the revealing fact that South Africans were rated as the world’s top borrowers in 2014. Or how about the ugly truth that there are more than 22.5 million credit impaired consumers in our country. That’s a lot of people taking out credit. And a lot of people falling short on their promise to repay money that doesn’t belong to them.
The reality is that it isn’t always the borrowers’ fault. These days, it would be abnormal if opening up a local newspaper or scanning the national online news did not bring up headlines about reckless lending and unlawful garnishee orders.
On the other hand, you don’t need to be an economist or as gullible as they come to know that history often repeats itself. Thus, we at NDA strongly advise you to speak to one of our consultants about debt review.
After all, it was a loan that got you blacklisted in the first place, and another one won’t get you a clearance certificate or lower debt repayments. These two advantages come exclusively with debt review. Along with legal protection against credit providers. Make the right choice, contact NDA now.