How Do I Know If I’m Blacklisted in South Africa
What exactly is a blacklist?
A blacklist is a list of people, groups, or countries that are officially ostracised or excluded owing to unwanted behaviour or activities.
What is the aim of blacklisting?
Blacklists are used to isolate those included and keep them from conducting business successfully. It also attempts to deprive a person of the opportunity to earn a living.
Why will a person be blacklisted in South Africa?
A person will be blacklisted if a negative information is published on his/her Credit Bureau Profile by creditors whose accounts he/she did not honour as agreed or by attorneys assigned to collect on the accounts.
What are the types of blacklisting in South Africa?
Blacklisting that will reflect on your credit report is as follows:
1. Default
2. Trace Alert
3. Judgment
4. Administration
5. Debt Review
How do I know if I’m blacklisted in South Africa?
Find out if you are blacklisted by obtaining your credit report from the credit bureau and analyse the report to see which debts on your profile are causing you to be flagged. You can reach the National Credit Regulator (NCR) by calling 011 712-0000 or sending an email to info@ncr.org. za.
What if you were mistakenly blacklisted?
If this occurs, you can file a complaint to the NCR. They will collaborate with you to rectify the mistake.
What happens if you are blacklisted?
You will be unable to obtain a loan if you are blacklisted. Your credit rating will be affected, and the chances of being refused any kind of loan increase dramatically. Additionally, you can run into difficulties if you want to rent an apartment or a house because landlords might refuse to let it out if you are on a blacklist.
How many South Africans are blacklisted?
There are about 6.5 million South Africans who are currently blacklisted at credit bureaus.
