Unfair blacklisting
We assist consumers with various matters affecting their credit worthiness to enter into new credit facilities, namely removal and clearance of the following:
- Wrongful Blacklisting
- Default Judgment
- Arrear account updates
- Default account updates
- Adverse account listing clearance
- Fraudulent accounts
The term “blacklisting”
The term “blacklisting” or “blacklist” is a term still widely used among South African consumers. “Blacklist” is a misleading term, a category that dates back to when credit bureaus only kept negative information.
Now credit bureaus hold both positive and negative data, the combination of which has proved immensely beneficial in predicting the future behavior of consumers. Today, it simply means that you have an account with a particular credit service provider who makes use of credit bureau services
The consumer will first have to apply for a personal credit report from one of the major credit bureau, in order to ascertain the reasons for rejection of credit application.
What is a Credit Report?
Your credit report is a record of your credit activity and credit history. It includes the names of companies that have extended you credit and/or loans, as well as the credit limits and loan amounts. Your payment history is also part of this record and can show how you positively manage your accounts. If you have delinquent accounts, are under debt counseling or administration, or you have been sequestrated, these can also be found in your credit report.
Free credit report
You can access your Credit report, once a year, for FREE. The National Credit Regulator mandates all bureaus to allow consumer’s access to their credit report yearly so that you know the status of your credit