Quick Answer

• Yes, LendPlus does conduct credit checks
• They accept applicants with poor credit or blacklisted status
• They use automated data checks and bank statement analysis
• Focus is on affordability, not just credit score
• Each application is reviewed individually

Understanding Credit Checks in South Africa

A credit check is when a lender looks at your borrowing history. They want to see if you pay back money on time.

In South Africa, there are two main types of credit checks.

Soft Credit Check

This is a light check of your credit. It does not affect your credit score. Companies use this for pre-approvals or quotes.

Hard Credit Check

This is a full check of your credit history. It appears on your credit record. Too many hard checks can lower your score.

How LendPlus Assesses Your Application

Yes, LendPlus does conduct credit checks. However, their process is different from traditional banks.

Step 1: Initial Application

You create an online profile using your mobile number. You provide basic personal information and upload documents.

Step 2: Automated Data Verification

LendPlus uses TruID technology to verify your identity. This happens quickly and checks your details are correct.

Step 3: Credit Bureau Check

They check your credit record with one or more credit bureaus. This determines your initial credit limit.

Step 4: Bank Statement Analysis

They review your last three months of bank statements. They look at income patterns and spending habits.

Step 5: Affordability Assessment

They calculate if you can afford the loan. They check income minus expenses and existing debts.

What LendPlus Actually Checks

LendPlus looks at several things when deciding to approve your loan.

Alternative Risk Assessment

LendPlus uses “alternative risk assessment.” This means they look beyond just your credit score.

They focus more on:

• Your current income stability
• Your banking behaviour over 3 months
• Whether you have regular deposits
• Your spending patterns and habits

Credit Bureaus in South Africa (2025)

South Africa has four major credit bureaus. LendPlus may check one or more of these.

Free Ways to Check Your Credit

• ClearScore: Free Experian report and score
• My Credit Check: Free from Experian directly
• TransUnion: Free once per year
• Credit4Life: 30 days free for XDS

✅ Can You Get Approved With Bad Credit?

Yes, LendPlus accepts applications from people with poor credit. They also consider blacklisted applicants.

What “Bad Credit” Means

Bad credit means you have missed payments in the past. You may have accounts in arrears or judgements against you.

What “Blacklisted” Means

There is no official “blacklist” in South Africa. People use this term when they have serious credit problems like judgements or defaults.

How LendPlus Handles Bad Credit

They review each application individually. They focus on your current financial situation, not just past mistakes.

What matters most:

• Regular income showing in your bank account
• Stable banking patterns over 3 months
• Ability to afford the monthly repayment
• No recent unpaid defaults to other payday lenders

First-Time Loan Limits

First-time borrowers usually qualify for smaller amounts. You may get R500 to R2,000 initially. If you repay on time, larger amounts become available.

⚠️ How LendPlus Affects Your Credit Score

Understanding how the application affects your credit is important.

When You Apply

The credit check shows on your credit record. Multiple loan applications in short time can lower your score.

If You’re Approved

The loan appears on your credit report. LendPlus reports to credit bureaus monthly. How you repay affects your score.

Protecting Your Credit Score

• Only apply when you genuinely need the money
• Make sure you can afford the repayment
• Pay on or before the due date
• Don’t apply to multiple lenders at once
• Keep money in your account for the DebiCheck

Required Documents for LendPlus

To complete the credit assessment, you must provide:

✅ Better Alternatives to Consider First

LendPlus loans are very expensive. Try these options first if possible.

NCR-Registered Alternatives

If you must borrow, consider these registered lenders:

• Capitec Bank: Personal loans from R1,000
• African Bank: Accepts bad credit applications
• FNB Instant Loans: For existing customers
• Nedbank Personal Loans: Competitive rates

🚨 Scam Warnings: Protect Yourself

LendPlus is a legitimate registered lender. However, scammers often impersonate real companies.

How to Verify LendPlus is Real

• NCR Registration: NCRCP17814
• Company Name: Lendplus Technology (Pty) Ltd
• Registration Number: 2023/805154/07
• Official Website: lendplus.co.za (verify carefully)
• Official Contact: +27 71 868 5388

Never Trust Anyone Who:

• Asks for money upfront before giving you a loan
• Promises guaranteed approval without checking anything
• Contacts you on WhatsApp without you applying first
• Asks you to pay “admin fees” or “processing fees”
• Says they work “with” or “for” LendPlus but use different numbers

Where to Report Scams

• SABRIC: 0860 028 347 (Banking fraud)
• NCR: 0860 627 627 (Illegal lenders)
• SAPS: 10111 or your local police station
• SAFPS: 0860 101 248 (Fraud prevention)

Your Consumer Rights Under the National Credit Act

The National Credit Act protects you as a borrower. Know your rights.

Before You Sign

• You must receive a pre-agreement statement
• You must get a quotation showing all costs
• The lender must assess if you can afford it
• All terms must be explained clearly

After You Sign

• You get a copy of the signed agreement
• You can pay early without penalty
• You can request account statements
• You can dispute incorrect charges

If You Have Problems

⚠️ Real Cost Example (2025)

Here is what a LendPlus loan actually costs:

Yes, LendPlus does conduct credit checks, but they accept applications from people with bad credit or blacklisted status. They focus on your current income and affordability rather than just your credit score.

However, LendPlus loans are extremely expensive. You should only use them for genuine emergencies when you have no other options.

Before applying to LendPlus:

• Try borrowing from family or friends
• Ask your employer for a salary advance
• Check if your bank offers cheaper options
• Consider selling items you don’t need

If you do use LendPlus:

• Borrow the smallest amount possible
• Make absolutely sure you can repay on time
• Set money aside for the DebiCheck payment
• Never miss a payment – it damages your credit
• Keep all loan documents safe