Blacklisted loans for people with a bad credit record or who are listed as being a slow payer are available from certain financial credit lending companies specifically when a person has some form of security to offer. If you are in a position to offer property, a house or car which belongs to you as security against the borrowed money then you have a better chance of being approved. Applicants that have nothing to secure and find themselves listed as a high risk to lend money to are going to find it difficult to borrow, the banks in particular will not even look at these types of applications.
If you find yourself blacklisted there is no need to feel ashamed and loans for people with a bad credit record do exist although applicants need to be weary about who they are applying to get this kind of borrowing from. There are so many loan sharks around South Africa that have you sign contracts full of fine print and will get extremely forceful should you end up being a little slow with a payment or late one month. Part of a debt collectors job is to try and install enough fear into a late or slow payer that they are on time with all future payments and some visits from debt collector employees can be a little undesired!
Micro lenders in South Africa maybe worth approaching to get this kind of finance especially if you only need to borrow a small amount of money although again, many of them will require some form of surety if you have a poor credit history. If you go this route then it is advisable to make sure they have a certificate proving that they are registered with the MFRC (Micro Finance Regulatory Council). Those that are registered operate differently to micro lending companies who are not registered with the council. Spend a little time researching your options and you should find a few different companies that give blacklisted loans to people with a bad credit record in South Africa.