Are you blacklisted?

The term "blacklisting" or "blacklist" is a widely used term among consumers. "Blacklist" is a term that credit bureau companies used to use many years. Now credit bureaus keep both positive and negative information about consumer's history.  Credit checks bring up long-forgotten bad credit decisions, Today credit scores change all the time depending on consumer's credit behavior. As hopeless as the situation may seem, bad credit won't last forever does not matter how hopeless your credit record history is. Your credit profile is a "snapshot" of how risky you appear to be at any particular point in time. The snapshot changes as new information is added to your bank and credit bureau files.

So it is not all bad for consumers with poor credit record, there is nothing that cant be fixed. Even if you've missed debt repayments on your credit in the past, you can build up your credit worthiness by handling credit more responsibly going forward.

You can enhance your credit report if you know what it contains. Although you can’t rewrite history, there are steps you can take to improve your rating. Contact us. Ignoring the situation will only add to your problems. It never hurts to ask and our assessment free. 

Negative information

Account information - Both positive and negative repayment information is stored on the credit bureau database. If your installments are consistently and fully repaid every month, credit providers will see that you are a reliable payer.

Sequestration - A sequestration order is an order handed down by a court which declares you bankrupt.

Rehabilitation order - Once a period of four years has lapsed after a sequestration order has been handed down, it is possible to apply for a rehabilitation. If granted in court all debt incurred up to and until the date of sequestration is discharged and you no longer have to pay it.

Dispute enquiries - If you claim that there is a mistake on your credit report but the credit bureau determines that the information is accurate, your complaint will be rejected.

Court judgment - where a court issues an instruction for you to pay an outstanding amount

Default information: Behavioural - This is the recording of information detailed as ‘slow payer’, ‘absconded’, ‘account misconduct’.

Default information: Enforcement action - This is the recording of information detailed as ‘write-off’, ‘repossession’, ‘legal’.


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