A new credit scoring system, aimed at improving the UAE’s financial infrastructure is expected to lower loan costs in the region by a drastic 30%. By-laws have been approved to create the nationwide credit bureau and every UAE resident with an ID card will be part of the credit database. It is hoped the venture… Read more
Viewing posts tagged with: debt
How my parents raised a financially responsible kid.
I remember when I was a kid, I had lots of games that required imagination, and one of my favorite was playing with fake money. I had a purse, and a wallet, complete with printed plastic cards that looked like real credit cards. They had animals printed on it and they were more like… Read more
How do credit cards work?
A credit card can be a really useful financial tool if used correctly. A straightforward and simple way to borrow money, a credit card is similar in many ways to a debit card. Just as with the latter, a credit card can be used to pay for services, purchase goods and even to withdraw cash…. Read more
How Can People with Bad Credit Apply for Car Loan in South Africa?
Bad credit can affect your financial status to a very large extent—dragging you further down as you struggle to find loan providers that will grant your loan application despite your less than stellar credit history. While it may be extra challenging to get a car loan—or any other type of loan—while your credit record shows… Read more
Declaring Bankruptcy: Not an Easy Way Out
Declaring bankruptcy can sometimes seem like the only option when you or your business is unable to pay multiple debtors. In many cases, it is the quickest and simplest way to clear an overwhelming debt. To become bankrupt, you must first apply to the court for a bankruptcy order. You may also be… Read more
Avoid Payday Loans and Utilise Benefits
If you are struggling financially and are considering taking out a payday loan to help pay off some of your outstanding debt, you need to think again. Payday loans are one of the worst type of loan to obtain, mainly because they come with significant fees and associated cost, as well as, high interest rates…. Read more
Pay Off Debt and Reach Financial Independence
You can’t put a price on financial independence. It’s something that most people want, yet many don’t know how to achieve it. Financial independence has tremendous benefits. For example, there is the freedom to pursue other opportunities. The majority of people find themselves stuck at a job for 30 years. But if they’re able to… Read more
Thoughts on a big shopping spree
After a massive shopping spree in Miami last month, I have to say that I feel a bit overwhelmed. I don’t know how shopping addicts can spend every single weekend at the mall and rack up four digit credit card bills each time. We went to all the major malls in and around Miami. While… Read more
The French approach to debt
Over at Make Money Your Way, Troy continues the investing for beginners series, and now he explains that there are 2 types of options: Call options and Put options. Click here to read more… Have you ever wondered if everyone around the world takes up as much debt, has as many credit cards, student loans or… Read more
Don’t make paying for your holiday a life sentence
DON’T MAKE PAYING FOR YOUR HOLIDAY A LIFE SENTENCE Consumers risk a financial jail term by only making minimum repayments New research released by credit card comparison website Totallymoney.com, in partnership with the Centre for Retail Research hasrevealed that, this year, consumers are likely to load 8% more of their holiday bookings… Read more
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