Types of blacklisting

Do you need help accessing credit in South Africa? If so, you may have been blacklisted. Blacklisting on your credit report can happen for a variety of reasons, and can make it difficult to obtain loans, credit cards or even a cellphone contract.

There are two types of blacklisting on credit reports in South Africa: payment profile and judgment blacklisting.

Payment profile blacklisting occurs when you’ve missed your monthly repayments on credit agreements. When you’re in arrears for more than 3 months, credit providers may report you to the credit bureaus. This can stay on your credit report for up to two years, and will make it difficult to obtain credit in the future.

Judgment blacklisting occurs when a credit provider takes legal action against you due to non-payment of debt. If the credit provider wins the case, a judgment will be made against you, which will be recorded on your credit report for 5 years. This information is publicly available, and can make it difficult to rent property or obtain employment.

If you’ve been blacklisted, it’s important to take steps to improve your credit score. You can start by paying off your debts and ensuring that you make your monthly repayments on time. You can also obtain a free credit report once a year from any of the credit bureaus to check for errors or inaccuracies, which can be disputed.

Remember, being blacklisted doesn’t mean you’ll never be able to access credit again. With some effort and dedication, you can improve your credit score and regain access to credit in the future.

​​If you have any questions about debt you currently have, please feel free to reach out to a member of the Libertine Consultants team. We are here to provide you with judgement-free support and advice. 

Need advice? We can assist with that too! Submit your inquiry to us via email advisors@libertineconsultants.co.za and we will provide you with sound insights on the best way forward. In the meantime, keep an eye on our YouTube channel to get more practical advice on managing the financial stress of the pandemic