Blacklisted loans become more and more in demand because the credit crunch also effect most people's credit record. With allot of people having difficulty keeping head above water and cover unexpected expenses, there are numerous credit providers in South Africa currently.
In most cases when applying for blacklisted loans you would need to have
a steady income. Loan companies will
arrange a monthly repayment from your salary,
as this is their security for repayment of your loan.
When a loan is approved do your utmost best to repay the loan as per the monthly instalments of your agreement with the credit provider. You will built a trust relationship with the company and be able use their services again in the future, after you repaid your loan or if you need an further advance.
Your aim or long term goal need to be to clear your credit record by slowly but surely clearing the debt that put you on the blacklist or ITC.
In the future you would like to be able to apply at one of the main banks in South Africa, namely Standard Bank, ABSA, FNB, Nedbank or even Capitec. They all provide various options of short term or personal loans. These option will all be cheaper (lower interest rate) than any other credit provider you will find online.
To be able to apply at one of these banks you would need to have a steady income and good credit score at the bank. The banks work on a credit score to determine their clients risk factor, and depend on the handling of the account.
The more you show the bank that you are able to lend and repay on time the better the score. No debit order may return.
Hope this information will be helpful.