Unsecured Micro Loans For Blacklisted People

It is not difficult to get approved for unsecured micro loans for blacklisted people at all, but you need to look around how you can be helped in the best way. It is the same like when you buy a car, new house, want to go on holiday etc, you shop around for the best at the lowest price you can get it for.

Lenders of unsecured micro loans want to help people that are blacklisted, with a poor credit record and are unable to obtain a loan through the traditional banks.

In your busy schedule you probably will not have the time to go around searching for the lender that will suit your needs. The best way is make use of the online micro lenders and their agents as they are fully trained and qualified to get you the best deal. Also make sure that you only apply through registered companies and their agents, as they are all adhering to the rules of the MFRC, who is there to protect the consumer.

CREDIT CHECK LOANS

Lenders and their agents offering unsecured loans to blacklisted people are not allowed to ask any upfront fees. In some cases credit checks are done but that is only to do the correct affordability.

UNSECURED MICRO LOANS - WHAT IS THE RISK TO THE LENDER?

As these loans are mainly for people who are blacklisted, has a poor credit record, has got garnishees, judgments, and defaults, the lender is taking risk by lending out money to these bad credit consumers.

Therefore these loans are more expensive than through banks where the criteria is much more strict in granting loans.

The banks are also asking for collateral to secure their interests and the micro lenders not.

These lenders who offer unsecured micro loans do not ask any surety at all
As their requirements are totally different then these of the normal banks.

WHAT IS THE AIM OF SUCH LENDERS WHO OFFER PERSONAL LOANS FOR BAD CREDIT

These lenders really feel for the consumer that got trapped by a spiral of debt due to factors beyond their control, so there main aim is to help such people on their feet again by granting them unsecured micro loans.

RECKLESS LENDING

The lenders also have to protect themselves and therefore all applicants will not qualify if they do not meet the minimum criteria of these lenders.

Some lenders work on a scoring system where you do need to met a minimum score, others work on affordability only.

UNSECURED MICRO LOANS FOR BLACKLISTED PEOPLE: WHERE CAN YOU FIND THESE LENDERS FOR BLACKLISTED LOANS

You can contact lenders for unsecured micro loans through the internet, they all usually have websites. You can also visit them at their offices should you like to go their in person and there is a lender or one of its agencies nearby

These offices are located in a lot of towns and cities throughout South Africa.

Some of them also advertise in the local newspaper, on bulletin boards in shops, and they also get referrals from the clients they helped to put a smile on their faces again. Such people often tell their friends and relatives about the services they received.


WHAT ARE THE REQUIREMENTS FOR UNSECURED MICRO LOANS FOR BAD CREDIT

You should have a green bar coded South African id, must be between the age of 18 and 65, and should be permanently employed, salary must also get paid into the bank EFT or by internet.. If you are on contract they may also be able to assist depending on the terms of your contract.

A South African citizen working for an overseas company is not likely to qualify, due to the difference in employment rules between these countries

Petro van Heerden has got 8 years experience in personal loans for blacklisted people and is highly qualified in helping you back on track again. Her website is: www.globalfinance.co.za

To Apply for a loan with bad credit click below:

Apply - Unsecured Loans For Blacklisted People