Bad Credit Does Not Mean No Options
Many South Africans have imperfect credit histories due to missed payments, defaults, or financial difficulties. At RandCash, we understand that your credit score does not tell the full story. While we conduct thorough credit assessments as required by the National Credit Act, we consider your complete financial picture — including your current income, expenses, and ability to repay.
How We Assess Bad Credit Applications
Unlike some lenders who rely solely on credit bureau scores, RandCash takes a holistic approach:
- Current affordability: We focus on your current income and expenses to determine what you can realistically afford
- Employment stability: A steady income demonstrates your ability to meet repayments
- Credit history context: We consider the reasons behind negative listings and how recent they are
- Responsible lending: We will only approve a loan if we believe you can afford the repayments — this protects both you and us
What We Can Offer
- Loan amounts from R500 to R50,000 depending on your affordability assessment
- Repayment terms from 1 to 36 months for manageable monthly payments
- Clear, transparent pricing: Interest rates and fees are disclosed upfront before you commit
- No judgement: Our process is professional, confidential, and respectful
Important Limitations
Please note that having bad credit may affect the amount you can borrow and the interest rate offered. If you are currently under debt review, administration, or sequestration, we cannot legally offer you credit — this is a protection under the NCA. In these situations, we recommend working with your debt counsellor to resolve your existing obligations first.
Improving Your Credit Score
If your application is not successful, there are steps you can take to improve your credit profile over time: pay all current accounts on time, reduce existing debt balances, avoid applying for multiple credit products simultaneously, and check your credit report for errors. You are entitled to one free credit report per year from each registered credit bureau in South Africa.
