When someone says that they have become blacklisted it means that they have earned a bad credit listing through having one of their debts in arrears. In another way, you are in debt to someone and you have not paid the interest or principal back in time. This can happen by accident easily if you have more than one debt you’re keeping track of. With car loans, credit cards, overdrafts, home loans and all the other types of credit out there it happens to a number of people more often than you’d think.

The agency in South Africa that collects this information is ITC. They track all loans and credits conducted within the country’s financial system. The information they gathered is given out to businesses who ask for potential client’s credit history.

The best thing you can do for your protection is to contact a Credit Health Report agency that can collect this information from ITC and give it to you for a small fee. Once you know where your potential mistakes are you can correct them and better your credit rating. You will not be blacklisted forever if you work towards getting your credit paid off and back on track.

If you find yourself on the blacklist and need a car loan you will have a hard time getting one. A way to get around this is to look for a company that doesn’t have loans, but instead works on what is essentially a rent to own basis. One such company is Earn a Car. If you meet their criteria for getting one of their quality pre-owned cars you can work towards owning it in as little as 3 and a half years. It is a great way for those who are blacklisted and working to improve their credit rating to still stay mobile.