Credit score isn’t typically something that can be avoided when you’re shopping around for a new vehicle. Understandably so, as it affects the interest rate if you are looking at a car loan to finance your new purchase. Bad or low credit scores can push the interest rate well beyond your monthly reach, while a good credit history could [...]
Owning a vehicle these days is considered essential. Whether you use it for work and recreational purposes or school runs, owning a car gives you the option to get around in your own time, when you need to. However, being able to purchase a car if you have a low credit score or if you do not have a credit [...]
You’ve recently been blacklisted or have found out that your credit score is unfavourable. Your car has just driven the last of its kilometers and you need to get a pre-loved car that is in good mechanical condition, fast. What do you do? Car finance from a car dealership or a bank, may not be an option because of [...]
Poor credit, blacklisting or a recent bankruptcy can affect your ability to be approved for a loan. Here is the good news: you can still get approved for vehicle finance by subprime lenders or you can opt for a rent-to-own finance option, where your credit history is not taken into consideration as part of the approval process. 1. What [...]
You’ve been trying to get yourself a car loan for a while now. However, due to circumstances beyond your control, you’ve been stuck with bad credit and, as a result, you’ve found nothing but closed doors. You desperately need the freedom of movement that a car offers to get back on track, but you seem to have exhausted all [...]
If you have bad credit, chances are you’ve already been declined for car financing. You’ve experienced that sinking feeling of despair, wondering how and when you’ll ever experience the independence of getting on the road with your own set of wheels. Living in South Africa and not having a car is a tricky situation. The fact is, you need [...]
In a world where your credit status is your ticket to just about everything, there’s nothing worse than having bad credit. Having a poor credit record closes doors, while a healthy record allows you to arrange finance to help you live your life more easily – whether you’re buying a car, financing a home or taking out a loan [...]
More essential than optional Despite various public transport options, the need to own your own car can be attested by the approximately 10,818,695 vehicles on South African roads. Lack of safe and reliable public transport, along with the accumulated costs of using these services, means that buying a car is often a necessity – even if you have a [...]
Getting a car loan or vehicle financing is not difficult but if you have any bad credit or you are blacklisted the process may be a little bit harder than anticipated. Many companies may not be too keen on giving customers credit if they are blacklisted purely for the fact you have bad credit and there are chances they [...]
In today’s life it isn’t easy to prevent being blacklisted. Things may go really well and suddenly your life could crash and burn leaving you with debt you cannot pay and resulting in your wonderful name being tarnished. Being blacklisted is, for some people, their worst nightmare come true. What does being blacklisted really mean? Hearing those dreaded words [...]
