Before banking institutions approve loan applications, there are some criteria that is considered. For borrowers, it’s key to understand this criteria. This is likely to improve chances of qualifying for the loan. Understanding what banks take into account when granting loans is important because it may help to avoid…
Saving is a good way of protecting your financial future. By doing this regularly you are able to put a sufficient amount aside to create the kind of life you want. Being financially secure can be one way of establishing wealth-building behaviour. In addition to this, there are other lessons…
In today’s rapidly evolving marketplace environment, key business issues are converging with impacts felt across multiple industry sectors. Transformation technologies are more readily accessible, powerful, economical and easily implemented than ever before. Give a person an app that makes their life easier, better or cheaper. Today’s generation is tech-savvy with a…
Mobile financial services encompass many facets such as mobile payments, mobile money and mobile banking. Let’s have a look at some of them. Mobile banking, by definition, performs actions on a traditional bank account through a mobile phone. While Mobile payments are payment for goods and services…
Signed into law in August 2017, the Financial Sector Regulation (FSR) Act was effective from 1 April 2018. It’s a piece of legislation that will bring about a major transformation of the South African financial services regulatory and risk management…
When you transform financial sector in developing economies by encouraging greater financial sector openness and better, sounder financial regulation, you’re helping to develop countries transform their domestic financial sectors into economic engines of growth. This is because financial sector reform and liberalization of…
There are five ways to get debt consolidation 1. Numerous sources offer personal loan options Most often a bank, credit union, or online lender their interest rates vary, but usually are fixed at rates less than what’s paid on credit cards. However, most personal…
5 Let debt consolidation help you to delete the debt faster. If you find yourself carrying a lot of debt, and juggling more bills than you can handle and struggling to pay them off. You can take control and set yourself on a positive path to debt repayment. 1. Debt consolidation…
People obtain credit for various reasons. It can be that you want to afford that nice car, or to study so you obtained a loan. Or that you obtained a credit card because you had no funds and needed access to money. Whether your credit account is…
Your credit score is important, as it’s used to rate your creditworthiness. By getting a free credit check (which every consumer is entitled to once a year) you are able to get access to important information, provided by your credit providers, in a clear,…