Looking for loans with a bad credit history in SA?
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When you've had difficulties with loans, debts and arrears in the past, securing a personal loan becomes a bit of a task. This is really inconvenient for people when they run low on funds and need to find finance for things like home repairs, a new car or a holiday. Fortunately, there are places who are willing to provide loans with a bad credit history in SA.
Bad Credit Personal Loans provide access to finance for people in South Africa, who've experienced financial difficulties in the past and may have been blacklisted. Being blacklisted removes a lot of your options for personal finance because many lenders will be unwilling to lend to you when you're in this position.
There's no credit history check required to successfully secure a loan from Bad Credit Personal Loans. Everyone is welcome to apply for one of their unsecured loans. An unsecured loan is one that doesn't require any collateral to be provided for the loan and, if you default on the repayments, your personal assets can not be touched by the lender.
The only negative aspect of unsecured loans from Bad Credit Personal Loans is the high rate of interest you'll be charged. It's much higher than you'd pay on a standard bank loan. Before applying for a loan it's important to be aware of the repayment plan you're signing up for and whether or not you can afford it. Use a loans calculator online to work out a repayment you're happy with before signing any forms.