Credit Clearance in South Africa
Credit rehabilitation in South Africa is an important issue as people are finding themselves in more and more debt. In South Africa, if you have a history of bad credit you stand the chance of being blacklisted. Once you have been blacklisted you will find it difficult to find credit. Credit rehabilitation companies in South Africa will help you get your name off a blacklist and make good again. You can get your credit record from the credit bureau or from your credit rehabilitation company. Using a credit rehabilitation company in South Africa will help you to improve your financial reputation and enable you to get finance at a better rate.
What is Credit Clearance when a consumer is “blacklisted”?
Credit Salvage Corporation started in 2016 to assist consumers who have a low credit score and is struggling to get credit. This is a term called blacklisted by credit providers. We assist consumers in the repair of their adverse credit histories and improve their credit scores.
Being blacklisted on the credit bureau will have a disastrous impact on your life as you won’t be able to buy those things you want and need on credit. Being blacklisted means you won’t be able to get or do the following:
- Home loans
- Vehicle finance
- Personal loans
- Credit cards
- Store accounts
- Apply for employment in financial fields
- Rental agreements
We are a credit clearance, blacklisted clearance specialists and experts in this field. We can assist you with a professional service.
Blacklisted occurs when your monthly payments to your credit providers are not paid monthly on the due date. It is a severe status that impacts not only your standing with that credit providers but also your credit rating with the credit bureaus. This so-called blacklisting in particular impacts your capacity to get new credit.
How you get listed as bad payer – getting blacklisted
You agree to certain terms when you apply for credit. For instance, by the due date mentioned in your statement, you agree to settle your payment due. If you miss the repayment for a couple of months, the credit provider will give you 20 days to rectify the adverse. This will be in the form of a section 129 letter which you will receive via registered post. A default is then listed on your credit profile which will impact your credit score in a negative manner
These late or missed payments get reported to the credit bureaus and will reflect under your payment profile. If you try applying for any new credit the credit application will get declined. Credit providers will believe that you are at danger of defaulting on any new credit agreement. In reality, until you have cleared the default balances with our credit rehabilitation services, most lenders will not approve any further credit.
So what is Credit Clearance?
Credit Clearance and ITC Clearance is our process where we liaise with the credit bureaux to remove adverse listings, remove judgments and increase your credit score.
Visit our credit clearance page today at Our Credit Clearance Page and see what we can do for you