Financial tips
Teach your child to save
As a parent who wants to ensure the success of their child, one of the best investments you can make is to teach your child to save. Besides life being unpredictable, it’s just
What is credit analysis?
Credit analysis is essential to mitigate risk. It involves an examination of key factors that may predict possible default by borrowers. Risk is inherent in any transaction, but fortunately there are ways to manage
Why is it important to know your credit score?
A credit score can be regarded as a summary of the data in your credit report. Represented in numerical form, it is used by financiers to guide their decisions. Credit bureaus use this data pertaining
What credit analysts look for
Credit analysis is a vital part of the approval process for corporate borrowers. Credit analysts look for data that proves how worthy an organisation is of credit when it applies for finance. It essentially evaluates financial strength. Before an investor puts any
How to get a good credit score
As a consumer it’s vital to monitor your credit behaviour. You have a responsibility to ensure that you service your debt in full and timeously every month. What is a credit score? Every consumer who
What are the different types of loans available?
For many people, the definition of a loan ends with it just being a means to getting extra money. In reality, there are different types of loans available. Even though they do provide ways of
What is credit analysis?
Credit analysis entails researching and analysing the debt profile and debt servicing abilities of individuals, companies or even countries. The objective of credit analysis is to look at both the borrower
Why is credit worthiness important?
So you’re thinking of buying a house or car well you better check on your creditworthiness then. As most likely when purchasing these big money items, unless you have a stash of money
3 types of bankruptcies & how to recover from them
Liquidation of the business Bankruptcy may be the best choice when the business has no future. It’s usually referred to as liquidation. It’s usually used when the debts of the business are so
What creditworthiness means
Whenever a person or business entity applies for some form of credit, there are variables considered, such as affordability and creditworthiness. The latter has to be understood in order to find ways to improve
Strong money management skills perfect for entrepreneurship
Entrepreneurship requires a particular set of skills and strong money management is one of them. Knowing how to effectively manage money is important for any type of business venture. Without this, the business is
How to determine creditworthiness as a customer
As a customer, the last thing you want is to miss out on an opportunity to access credit because of a lack of creditworthiness. If you aren’t deemed creditworthy, then the chances of you
5 Easy ways to improve your creditworthiness
As a consumer that is still interested in accessing credit, knowing where you stand is vital. This is essentially a metric that helps to determine whether people qualify for loans or
