Blacklisted? We Can Still Help

If you are blacklisted, it means that a credit bureau has recorded your name as someone with a poor credit history, perhaps due to being under debt review, having a judgment issued against you, or being flagged as a late payer. This often disqualifies individuals from securing loans through traditional financial institutions.

At SummitStone Capital Group, we specialize in helping blacklisted clients access personal loans from registered financial institutions. Just because your credit history is less than perfect doesn’t mean you should be excluded from financial assistance. We’ve made it easier than ever to apply for and receive funding, even with a poor credit rating.

We are committed to responsible lending, transparent fees, and fair treatment of all applicants. With SummitStone, there are no hidden charges, all fees are disclosed upfront before you apply.

IMPORTANT LENDING INFORMATION

All our lending partners are fully registered with the relevant financial authorities. Please review the following loan guidelines:

Annual Percentage Rates (APR)

1. Minimum Loan Term: 12 months
2. Maximum Loan Term: 60 months
3. Maximum APR: 38% per annum

Example: Loan Amount: $10,000 | Term: 36 months | APR: 28%
Monthly service fee: $5 | Estimated Monthly Repayment: $455.80

Note: Final rates depend on the loan amount, repayment period, and your individual credit profile.

RENEWAL POLICY

Clients who are current with their loan repayments may be eligible for a second or third loan, subject to a new application. SummitStone Capital Group will assess each case based on affordability, repayment history, and other lending criteria before approval.

Implications of Missed Payments

If your debit order fails due to insufficient funds or a changed bank account, we’ll attempt to contact you to resolve the issue.

If the problem persists:

• Your account may be handed over to our internal collections team.

• If necessary, the case may be escalated to an external collections agency or legal representative.

• This may result in additional fees, interest charges, and further damage to your credit score.

• Missed payments will make it more difficult to secure credit in the future.

Loan repayments are collected via direct debit from your bank account. Unsuccessful payments may also result in additional charges from your bank.

Terms of Service

SummitStone Capital Group is not a direct lender.
We operate as a loan referral and directory service. When you apply online, we forward your application to one or more of our trusted lending partners.

Each lender will assess your profile and offer you a loan if you meet their criteria. You’re under no obligation to accept any offer. Make sure you understand the terms and make a responsible financial decision before committing.

All lenders conduct full assessments, including credit history checks, before offering a loan.

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DebiCheck Mandate (for U.S. banking systems)

The reference on your bank statement will always begin with: “MULTID FOR SUMMITSTONE “ followed by your unique loan reference.

Fee Deduction Policy:
A once-off processing fee of $250 will be debited from your account on your next salary date after applying. If this falls on a non-processing day (weekend or public holiday), it will be debited on the next business day. This applies regardless of whether your loan is approved, declined, or not accepted.

Authorization Declaration

By applying, you authorize SummitStone Capital Group to:

• Initiate debit instructions from your account based on your signed agreement.

• Track your account if necessary to collect missed payments.

• Use DebiCheck (or equivalent systems) to securely manage debit instructions.

• Replace any existing debit mandates with your new agreement.

Cancellations and Assignments

You may cancel this debit mandate at any time, but this does not cancel your loan agreement. Any funds withdrawn during the mandate period that were legally owed will not be refunded.

If your agreement is legally transferred to another financial provider, the same mandate may be reassigned.

Understanding Credit Scores

A credit score is a number determined by credit bureaus based on your financial behavior, including how consistently you pay debts. Major U.S. credit bureaus include Equifax, Experian, and TransUnion.

Each bureau uses its own model, and lenders may pull from one or more before making a decision.

Tips to Improve Your Credit Score

• Always pay your monthly installments on time

• Avoid missing credit card payments

• Pay outstanding balances in full when possible

• Avoid legal action for unpaid debts

• Inform creditors if you’re unable to make a payment

• Avoid taking new credit while managing current debt

• Pay off debts closest to their credit limit first

• Check your credit report for any errors

• Limit unnecessary credit applications