Many
people who have been turned down by banks often presume that there is
no there are no personal loans for blacklisted people in South Africa.
This is absolutely untrue. The fact that banks say no does not mean
there are no financial loan institutions out there willing to help you.
Buying
a car can be very tricky if you are blacklisted because you are
regarded as a high financial risk and it becomes difficult to be
regarded for a personal loan.
Some
people who are blacklisted begin to give up and rather stay in their
financial disappointment and hope it will just go away without them
taking some actions. This approach to financial crisis won’t help you
but instead will lead to even more complex problems.
One
of the best thing to do is to go out and start looking for financial
assistance from other financial institutions rather than banks. Here we
will also suggest that you get out and go on the net and look for
assistance.
Google
has listed thousands of financial institutions that help blacklisted
individuals get financial help. When you google these make sure that you
set parameters within your country so that your blacklisting results
match you request.
The
next step is to contact all these financial institutions listed in your
results. But how do you do this when phone calls cost is so high? Send
them an email and wait to see what their response will say. In your
initial email make sure that you add your contact number to get them to
call you. This will reduce your phone cost while you get financial
assistance to secure a personal loan to buy your new car.
There
is also another option for blacklisted people provided by loans
institutions. They will put you through agencies that will offer the
rent-to-own option.