|
----------------------------------------------------------------------------------------------
Finding the right
Financial Service Provider
Finding the right
Financial Service Provider, broker or Debt counsellor can be a
difficult task. There are numerous websites that all seem to offer
sensible interest rates, top service and products to suit every
consumer’s circumstance. So how do I choose?
With abundant Service Provider each offering many different
products, finding the right one for you can tack time. Here is some
key point to consider before you start your search.
Your credit record: Many companies’
only deals with clients that have built a healthy credit profile;
Clients that pay all their commitments on time, every month. You may
want to know the status of your credit profile. Knowing your credit
score will certainly be valuable to you in your search for the right
Financial Service Provider.
Secured loan or unsecured
loan? If you need to borrow a small amount generally no security
is needed. Unsecured loans are personal loans or micro loans up to
R50 000 depending on your affordability and your credit record.
Above R50 000 is commonly considered as secured loans; secured by a
property or a surety.
What is the purpose of the
loan? In general all Service Provider do not offer the same
products, and all financial products available such as vehicle
finance, asset finance, business finance, bridging finance, home
loans, invoice discounting or factoring, even rent to own car
finance for Blacklisted clients, just to name a few, demands
different criteria. Knowing the purpose of the loan will narrow down
your search tremendously
|
|
