Blacklisting, is it still a thing?

If you are concerned that you have been blacklisted, there are ways to find out and fix the situation. Technically, however, blacklisting is no longer a common term, as the nature of credit bureau operations has changed.

What is blacklisting?

Blacklisting refers to a term used many years ago when credit bureaus only kept negative information (such as defaults) about consumers.

Blacklisting was an informal term used to indicate that someone has negative information on their credit report.

The good news about blacklisting.

Nowadays, credit bureaus provide holistic payment histories that detail both positive and negative information related to your credit history. The good news is this: your bad credit history doesn’t last forever and your credit report presents a far more accurate view of your financial situation. Adapting your financial behaviours will change your credit score.

Change your credit score.

The best way to improve your credit score is to make sure you make the payments you’ve agreed to, on time and in full. This will lead to your credit score increasing and your ability to apply for credit will improve.

How credit bureaus work.

It is important for citizens who want to take measures aimed at increasing their financial standing to get a clear idea of exactly where they stand so that they can begin working on ways to get things back on track. Regarding the above, consumers are often able to obtain this information at no charge - by simply making use of one of their free annual credit reports, or making use of Credit Health to purchase their reports online.