Yes, you can apply for a loan designed for people who are blacklisted from financial institutions. It is however not advisable to apply through a bank, as it is highly unlikely they will grant a loan to you if you are a high risk individual, who has been blacklisted and has a bad credit record.
Blacklisted loans generally do not have high loan amount because the people who apply for them do not have a good credit reputation, however this could be considered a good option for those situations in which one needs the money urgently and no way of getting it.
These loans can also assist to consolidate debt, which will also help improve your credit score simultaneously.
We will be able to offer advice on the suitability of debt consolidation to your specific financial situation, as there are instances where it would prove unsuitable. Our consultants will be able to help you with regards to secured and unsecured debt consolidation, and advice as to which would be most favorable to your outstanding debts. Operating on a national basis, we can also provide you with debt counseling or a debt review in South Africa. As mentioned, debt consolidation could save you on monthly payments and interest rates, which has made it a viable option for many. To find out if debt consolidation in South Africa is an option for you, contact Quick Consolidation Loans today.