Bad Credit Loans South Africa

Are your worried about small expense that has come up abruptly? Are you unable to cover up small financial problem because you are running out of finance? Have your expenses increased your budgetary limit this time? If you are losing control over your budget due to arrival of sudden financial expenses that were totally unexpected then there is a fix up solution to them. Yes! Bad credit loans South Africa can help you easily overcome small cash troubles as they offer fast financial help instantly without asking you to fulfill heavy formalities.

These short term loans are unsecured in nature and don’t require collateral. Also there is no credit checking required so anyone can easily qualify. Bad creditors will not have to face any rejection this time as they can apply even if they have arrears, late payments, defaults, IVA and CCJs.

With the cash amount secured you can pay off examination fee, library fee, purchase stationery, medical bills, credit card dues, computer repair expense, loan installment, pending bills, office rent and various related expenses that are short term in nature.

An amount in the range of R500-R150000 can be borrowed through these short cash advances. The repayment period is short varying from 6 to 60 months. Extensions of loan repayment is possible but at the cost of paying slightly extra as additional fee. These loans can be applied for by submitting a simple application form online or offline as per your convenience. On approval funds are directly credited to your account.

Bad credit personal loans can be secured and grabbed within very short period of 24 hours. There are no formalities involved and no credit check, no paperwork and no faxing required.

Bad credit loans South Africa are short term loans and are provided for a short time period. No formalities are involved in approval of these loans. Bad credit holders can easily apply and qualify for these loans.

Personal Loans for Bad Credit Offers and Benefits

1. Loans from R500 – R150 000.

2. Term of 6 – 60 months.

3. Best Interest Rates.

4. Secure Application Form.

5. Very Fast Approval.

6. 100% Safe, Secure & Confidential.

7. No Credit Check Needed.

Contact Details:


Head Office: Century Pl Blvd, Century City, Cape Town, 7446

Telephone: +27 (0) 87-550-1922


9 Tips for Those Struggling With Debt

Do you own some small debt under your name? Are you looking for the right way to manage your debt? If yes, it is quite essential to timely settle down the payment. You should also make sure that things don’t get out of control. In case, if you have a big amount of debt, it become essential to put additional effort into settling down the debt while juggling payments on the debts you’re not presently paying.

1. Understand who and how much you are in debt.

Create a list of the debts which includes the creditor, complete money of the debt, monthly payment, and even the due date. One can make use of the credit report in order to confirm the debts on your catalog. Having different debts in front of you will let you to see the bigger image and stay attentive of your whole picture of debt.

Never simply make the list and overlook the things. You should refer to the list of the debt on the periodic basics particularly as you disburse bills. Renew your list every few months as the amount of your debt get modifies.

2. Settle the bills on time every month.

You should settle down the late payments on time as it become difficult to pay off your debt since you’ll have to disburse a late fee for every expense you miss. If you overlook two payments in a row and the rates of interest and even charges on the finance will get increase.

If you make use of the calendaring system on your PC or even smartphone, you should write down the payments there and set an aware to remind you numerous days before your recompense is due. In case, you miss a payment, there is no need to wait until the next due date to propel your reimbursement, by then it could be reported to a credit agency. Despite, send your payment immediately you keep in mind to.

3. Make a monthly bill payment calendar.

Make use of a bill payment calendar to assist you understand which bills to disburse with which salary. On the calendar, write every bill’s payment amount subsequently to the due date. After that, you can fill in the date of each paycheck. If you obtain paid on the same days every month, such as the 1st and 15th, you can use the similar calendar from month to month. However, if your paychecks fall on diverse days of the month, it would assist to generate a new almanac for each month.

4. Make at least the minimum reimbursement.

If you can’t give to pay anything more, in any case make the minimum expense. Certainly, the minimum reimbursement doesn’t assist you make real development in paying off your arrears. But, it maintains your debt from growing and keeps your account in good position. When you miss reimbursements, it gets harder to draw near and eventually your accounts could go into non-payment.

5. Settle down the charge-offs and collections.

One can just pay as much on your arrears as you can have enough money. If you have imperfect funds for settling debt, focus on keeping your other reports in good reputation. Never make any sort of sacrifice your positive accounts for folks that have previously affected the credit. You should settle down the past due accounts when you can afford to do it. You should make sure that the creditors will continue efforts of the collection on the account until you bring the account existing again.

6. Decide which debts to pay off initial.

Settling credit card debt initial is often the best plan as credit cards have higher interest rates than other arrears. The credit cards, the one with the highest rate of interest frequently gets main concern on repayment as it’s costing the most cash.

Make use of the debt list to prioritize and position your debts in the order you desire to pay them off. One can also select to pay off the debt with the lowly balance initial.

7. Make use of an emergency fund to fall back on.

In the absence of any sort of savings, you’d have to go into arrears to cover an emergency expenditure. Even a small emergency finance will cover little expenditures that come up every once in a small time period.

Top of all, you should put efforts to make a small fund for emergency – $1,000 is a good place to make a beginning. In case, you have that, you should create a right goal to create a bigger account. At the same time, you wish to build up a set aside of six months of living expenditures.

8. Make use of a monthly finance to plan your expenditure

Maintaining a right budget assist you to make sure that you have sufficient amount of money to wrap the monthly expenses. It is better to make an advance planning and to take a quick action if it looks like you won’t have sufficient money for your bills this time or even next. A budget even assists you to plan to spend any additional money you have left after expenses are wrapped. One can make use of the additional cash to settle down the debt quickly.

9. Understand the Signs that you require support

If you discover it hard to settle down the debt and additional bills every month, you may require finding support from a debt relief company, such as a credit counseling organization. Additional choices for the debt relief are debt settlement, debt consolidation, and even bankruptcy. They have benefit and disadvantages so weigh your choices watchfully.

Seven Steps to Overcome Bad Credit Rating

With discipline and patience, you can achieve a lot of things in life, even a problem of bad credit can be overcome. A major section of the people in South Africa is facing the heat of poor credit status. If you are also going through similar situation and wondering how to get rid of it, all you have to do is explore further and learn the tips that can be your key to unlock the problem of bad credit history.

When you have a bad credit rating then obtaining loan from a financial institution is no less than a challenge. This stands true even if you are considering applying for bad credit loans. After all, lenders want their money back, and they do not want to take risks. Given that credit scores are one of the first criteria banks and money lending institutions assess to find out whether an applicant for loan represents an acceptable risk. Some financial institutions do not consider past credit score and will not approve it if is below a particular benchmark. There are some lenders who consider other indicators when it comes to deciding whether to lend money to you, even if you have issues pertaining to low credit score.

Full credit report

If you think that a credit score can alone tell the story of your credit history then better give it a second thought. The full report shows a money-lender that credit products contribute to the score. In case of late payments, they will appear by month that would help them understand whether it is a one-time issues or a chronic problem. For instance, if you made late credit card payments four months in a row two years back when you were hospitalized, chances are that a bank or lending institution would consider those mitigating circumstances at the time of assessing your reliability, particularly if you have been making payments timely since.


The primary goal of the bank is to make sure that loan it is lending is recoverable. Pristine credit rating provides the lender with some comfort that the borrower will be able to pay back the borrowed money with the interest. When your credit rating is low, however,  lending institutions might ask for additional assurance. Securing the loan with assets, or collateralizing it, gives lending institutions the ability to seize your assets if you do not make repayment of the borrowed amount. It is important to know that some loans are automatically collateralize.

For instance, your cash loan is secured by the vehicle you own, and your mortgage is secured by your home. In case you have equity in your home or other assets that you own clear and free, a lending institution might offer a secured loan, in case your credit rating is low.

Review recent credit score

The way you handle credit in the last one year is more important to lenders and banks than how you handled it three or four years back. If the damage to your credit rating is old, and you have a perfect and timely payment history in the last twelve months, lenders would look favourably to your loan application. Your credit rating will improve over time because it weighs recent history more heavily as compared to an old activity. Lenders might lend before the score rises with enough details regarding recent credit rating.

Secured Deposits

In recent years, this particular 12 month loan product is becoming common as the economy continues to struggle and more and more people are finding themselves in a situation of challenging credit score. Secured deposits are common with secured cards. Such cards allow the user to use credit card and build back credit rating. The card company needs that borrowers deposit with them, in most cases 100 percent of the credit limit that limits their risk. While this specific product does not allow you take new debt, it can help in re-establishing your credit rating in a quick way.

Pay all your debts

Yet another factor that plays an important role in determining your credit score is credit utilization. Your credit utilization refers to a measure of how much debt you have. It can be defined as a part of the available credit you are making use of. If you have a total availability of credit, say for $10,000, and you are using $5000 of the same, then your credit usage is 75 percent.

If you are one of those individuals who is making use of a great deal of available credit, it is important to remember that it can work against you. Create a plan that would help in making payments of debt faster. Honestly, spare out time and evaluate expenses you make, and try to cut them down. Use this money for saving and reducing this debt. If possible, try to get your credit utilization down to 30 percent or less than that. If you are able to reduce your debt, the credit utilization part of your score will improve, and thus help your overall credit rating.

Pay and clear all your bills timely

Paying bills within the stipulated time can prove to be a vital step in improving credit reporting. This also includes non-credit bill payments. Your late rent payments and missed utility payments can be reported to the credit bureau. Given that payment history is second to none, establishing a reliable pattern plays an important role in building your credit score. At the very best, you do not want to face reports indicating missing payments, or making late payments a habit. You can consider setting-up automatic withdrawal for avoiding missed payment in the future.

Good financial habits can do wonders

Well, as slated above, patience is the key to settle poor credit ratings. Equally important is to pay attention to your financial habits. It can take anything between three to four months for you to start seeing improvement in your otherwise bad credit rating. In some cases, based on how bad the situation is, it might also take much longer period, may be two to three years, to see improvement in your credit history. Consequently, it is important to bring change in your financial habits right away so that you can reduce the chances of poor credit rating in future.

Developing good financial habits by living within your means, setting aside funds for emergency needs, and saving for future is the key to have healthy finances. In this way, you would be less inclined to skipping or missing payments, and also you would have something to fall on your back in case you encounter financial problems. Make sure you keep with the good financial habits that you formed while rebuilding your credit rating, and it will become a lot easier to maintain new and improved credit history.

The bottom line

Having a poor credit rating can adversely affect your credit rating. Your chances of obtaining a loan, even payday loans for bad credit, or refinance your existing loans also become difficult.  However, there are some lenders who consider your overall financial situation more holistically to know if you are at a reasonable credit risk. Keeping current credit situation under control is perhaps the first step when it comes to rebuilding your credit rating.