Blacklisted have a bad credit rating ? How to improve your rating. A low credit rating or being blacklisted can have dire financial consequences. You might not be able to get finance or you will pay higher interest rates on your loan. What steps to take to improve your score. Many businesses are telling you
Blacklisted ? Here is How To Fix Your Credit Score. Read More »
A Balloon Payment or Residual Value is a final amount/lump sum still owed to the bank or financing company at the end of a loan term. The reason why there is a lump sum remaining is because the borrower only repaid part of the principal of their loan over its term. The borrower reduces their
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On 2013/05/23 the South African Reserve Bank governor Gill Marcus has announced that the monetary policy committee has decided to keep its repo rate unchanged at 5.0%. The REPO rate has remained unchanged since 2012/07/19. Gill Marcus cited concerns about a lower rand exchange rate and weak economic growth.
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Reducing debt, there are many ways to tackle your outstanding debt, but in this article we are discussing the snowball method. The debt snowball method is a strategy used to pay of debt starting with the smallest loan first, not necessarily the highest interest one. While focusing on the small loan, the minimum required payment
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Transfer Duties are payable upon transferring property from one owner to another owner. Transfer Duties are not subject to Value Added Tax (VAT). Transfer Duties are one of the amounts one has to take into account when purchasing and financing a property. Banks or Home Loan providers don’t always finance 100% of the purchase property
Payday loans ? What are Payday Loans ? Payday loans are short term unsecured loans to tie you over to your next paycheck. They are generally small loans for a period of 2 to about 40 days. The nature of these loans make them expensive due to the high risk attached. These loans are normally
A bridging loan is temporary financing for an individual or business until permanent financing can be obtained. Money from the new financing or permanent loan is generally used to “take out” (i.e. to pay back) the bridge loan, as well as other capitalization needs. Bridging loans are normally more expensive than conventional financing/loans to make
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Saving money on your home loan. Who wouldn’t like to save some money on their home loan ? It is possible to save a lot of money on your home loan with some discipline. How ? Ok you might have to make some sacrifices but try to put R100,00 extra towards your monthly home loan
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The difference between a secured loan and a unsecured loan, a question we get often asked ? In simple words a secured loan is a loan in which the borrower pledges some asset (e.g. a car or property) as collateral or security for the loan. This is a form of insurance for the loan provider.
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