All about loans in Kenya
Know who you owe money to and how much If you are feeling overwhelmed by debt, one of the first steps you’ll need to take to organise your finances, is to determine exactly how much debt you owe, and to whom. Keep an up-to-date list of all your debts, including […]
Credit Counseling is a highly regulated nonprofit service that has a high degree of accountability. Be sure the organization that you’re working with is licensed and regulated organizations, others are not. These nonprofit organizations should have free financial education programs available for you that are designed to educate you about […]
Bankruptcy should be the last option if you are drowning in debt and you should do everything you can to avoid it. However, sometimes your finances become out of control and bankruptcy is all you can do. In these scenarios, it’s time to let out one last sigh and begin […]
Now, more than ever, you have seemingly limitless opportunities to find financial education resources to help you improve your financial literacy and financial capabilities. When you struggle with a credit card, store card, car loan, and medical, or even mortgage debt, formal and informal education can open the gateway first […]
Are you struggling to make ends meet and having a difficult time paying your bills? Are you getting alarming notices from debt collectors? Or are you worried about losing your grip on your future due to potentially losing your home or vehicle? In such cases, you need to understand that […]
Facing the Music If you’ve been trying to make bills vanish by throwing them away unopened, the first step is to own up to your mistakes. Clear off your kitchen table and get out all your loan statements, bills, and budget—basically everything you can think of that relates to your […]
What is debt? When you owe money to someone, you are in debt. Owing money is not always bad. You might have a loan. You might use a credit card. If you do, you might be in debt. But if you pay your bills when they are due, it might […]
What is a debt management plan? A “debt management plan” is one way to repay money you owe. Here is how it works: A credit counselor works with you and the companies you owe money to. You all agree to a plan for how you will repay the money you […]
Debt management is any system used to pay off debt and regain control of your finances. It can also refer to credit counseling services. The term debt management often refers to debt management programs offered by credit counseling organizations that help borrowers approach their debt in a more manageable way. […]
There are a number of ways that you can go about dealing with your debt. Some are small tweaks in your daily routine, whilst others are larger and broader changes to the way that you handle your business. Here are the 10 best tips and tricks on how to deal […]