Paying off debt with a loan

I am in arrears/blacklisted – can I get a loan to pay off my debt?

When you are in arrears or blacklisted, it reflects negatively on your credit report at the credit bureaus. This means that your payment record is bad with your credit providers and you cannot afford to pay back your debt on a monthly basis due to being over indebted. When applying for a loan, the credit provider has a scoring system, where they check your affordability as well as your payment profile on the credit report. Due to this reflecting negatively, your application for a loan will be declined. Giving you a loan could put you in a worse situation financially.
Melissa America
Debt Consultant Manager
IDM - Intelligent Debt Management

021 4811736


Visit Expert Site

Back To Experts

Latest Answers


Paying off debt with a loan

Google + Mail


Debt consolidation

Google + Mail

From their kids’ play room to their daily specials, Spur has been the go-to-family restaurant for decades, but it has recently come to our attention that Spur’s senior menu seems to be less of a deal than it appears to be.

Spur is set to end its infamous 2 for 1 burger special and some other regular discounts too, but it promises to introduce further specials, finds Angelique Ruzicka.

star Save big at Micro when you buy electronics, gadgets, appliances, furniture, cameras and office equipment. Win great prizes when you participate in their Easter egg hunt.

Along with the rest of the world, South Africans have discovered the perks of pirating online content. But what are the consequences of committing this crime? Moneybags journalist, Isabelle Coetzee, finds out.

KFC has new offering on it's menu, the KFC Red Deal for 1. Enjoy a snack burger, small chips, mini loaf and large mash with gravy for only R29.90.

A good education is an investment in your future, but it hardly comes cheap. Unless you are the recipient of a bursary or are benefitting from parents who diligently saved, you may be considering a student loan. Moneybags looks at what you should note when applying for a student loan this year.

How can you make an informed decision without hearing the other side of the argument? Moneybags journalist, Isabelle Coetzee, chats to Dr Vicki Compère, who’s a homeopath at the Centre for Holistic Health in Sandton, to find out about the reverse side of this perspective.

Get ready for up to 50% off this #CheckersBlackFriday! You can look forward to great savings in-store on 24 November 2017.