Clear you name from ITC in South Africa through a number of routes that you can take. Being blacklisted means that a creditor has laid a judgement against your name. Because you have failed to pay back money owing to them.
To clear your name from ITC in South Africa comes with questions
- Can I get same day ITC removal?
- How do I clear my credit report and start fresh?
- How do I remove a judgement from ITC?
- So how do I clear my name from the credit bureau?
- How do I clear blacklisting in South Africa
If you suspect that you have been blacklisted. Or you know that you have been blacklisted, then the best thing for you to do is to contact one of the two biggest credit bureaus in South Africa. TransUnion Credit Bureau (Pty) and Experian Ltd.
These two credit bureaus are obliged to provide you with a free credit report once a year free of charge.
However if you discover that you have a blacklisting since the date that you received your last credit report, you can request another one. For a small fee. Either directly from the credit bureaus or through a number of companies that will obtain these documents for you for a small fee.
Clear your Name from ITC in South Africa once you have your Credit Report
Once you have your credit reports, you can begin the process to clear your name from ITC in South Africa. Your credit reports will contain any bad marks against your name. And will detail who has made these judgements against your name.
In addition your credit report will list the amount for which you are being blacklisted. Therefore you will be able to contest any judgements if needs be. Or you can take the necessary steps to clear your name from blacklisting.
For those who are blacklisted and want to know how to clear your name from ITC, then you can also use a debt lawyer. There are finance lawyers who specialise in dealing with people who have been blacklisted. And who are looking for ITC clearance.
The Cost of a Finance Lawyer
Although lawyers fees can be expensive, they will provide you with all the information you need to clear your name from ITC. If you however cannot afford to put yourself in to further debt by consulting with a lawyer. Then here are some steps that you can take to remove your name.
Firstly, do not take out any further loans or purchase anything on credit. This will only further worsen your problem.
The only loan that we recommend taking would be a debt consolidation loan. This type of loan allows you to consolidate all of your debt to one creditor by paying off your other creditors with the amount you borrow.
However it’s essential that you do not take this loan out for more than what you owe. By this I mean if your debt is R20 000, then you should only take out a debt consolidation loan for R20 000.
This type of loan will save you money in the long run as you will not be paying interest on a number loan amounts, but rather on one amount.
What is more is that by doing so, you can negotiate the amount that you pay back every month. In order to suit your needs. Which means that you will safeguard yourself against having to pay for anything on credit.
In addition to this, you will improve your credit rating if you pay back the required amount each month on time. And will show any future creditors that you are a responsible lender.
Before you can take out credit again in South Africa you will have to remove the judgements against your name on the ITC.
By having a finance lawyer, they can assist you in this process. Alternatively, you can contact the ITC bureau directly and prove that you have paid back the money you owe and they will clear your name.
Update: ITC is now called TransUnion. You can visit their website for further details.