What does it mean to be blacklisted by a bank?
Jackson Reed
Updated on February 11, 2026
To be “blacklisted” by ChexSystems effectively means that you have a very poor ChexSystems score. Due to a history of overdrafts, bounced checks, etc., your score is low enough that any bank considering you for a standard checking account will deny you based on your risk profile.
Where to check if you are blacklisted?
To view your free yearly credit report through Transunion, go to their website. Another leading South African credit bureau, Experian, also offer you a free credit report every year. To get yours, simply register on their website. Compuscan also make it easy to get your free report every year through their website.
How long will I be blacklisted for?
Your credit report is a record of your payment behaviour. It tracks all your accounts and indicates where, over a period of two years, you have missed payments or gone into arrears on an account. Then after two years, this adverse information simply disappears.
How can I clear my name from ITC?
If you’ve been blacklisted, here are some ways to clear your name:
- Pay the debt. The easiest step is to approach the business to whom you owe money and settle the account.
- Go into debt counselling.
- Check out your report.
- Get legal help.
What does it mean to be on bank blacklist?
The last entry is the most important. The more arrears you have; the higher the chance loan providers will consider you ‘blacklisted’. In that sense, it’s not a literal blacklist you are placed on but an overall bad credit rating which then causes banks to put you on their internal ‘blacklists’ and not offer you any further credit.
Is there an African bank loan for blacklisted individuals?
Can I get an African Bank Loan for blacklisted individuals? Unfortunately not. Even though there is no African Bank loan for blacklisted individuals, clients are able to apply for consolidation loans.
Can a bank be blacklisted by Bank Negara?
Well bro pertaining to your question, base on my knowledge and understanding only local banks under Bank Negara will blacklist the individual & companies, and not the Bank Negara itself. Bank negara is a bodied who monitor the local bank closely on their activities or wrong doing by the banks under Bank Negara.
How to get out of the blacklist in the Philippines?
In the end, the only way to get out of the “blacklist” is to settle all your debts. While such list does not exist, your bad credit record will prevent you from availing of loans and other banking products in the future. eCompareMo eCompareMo is the No. 1 financial e-commerce site in the Philippines.
