With the costs of borrowing cash to purchase an automobile or home getting more expensive, knowing who is eligible for credit and at what rates …
Africa needs its own credit rating agency: here’s how it could work
Three agencies in the world control the industry of credit rating in Africa: Moody’s, S&P, and Fitch. Together, they hold approximately 95 percent of the credit rating business worldwide. …
Forcing the banks to hand over our credit history might help with a home loan but it has risks
The federal government will force banks to provide half of their credit information ready for reporting by the mid-year of 2018 (with the rest to be available …
How ‘liar loans’ undermine sound lending practices
What are our truths in contracting the terms of loans offered in Australia? With the pressure increasing in the market for housing, a few of …
Why financial literacy should be taught in every school
How would you react if you were to see wild animals near you? If you’re aware, the inflation projections for this year were 1 percent …
The real reason why cities in sub-Saharan Africa aren’t issuing municipal bonds
Cities all over the world have been able to finance their long-term investments with municipal bonds for a long time. The first documented transaction took place …
You’re probably paying more for your car loan or mortgage than you should
It is no secret that the Federal Reserve makes headlines from New York to Hong Kong whenever it raises its benchmark interest. This is not surprising …
Poor people are penalised for borrowing to make ends meet – a new alliance gives them another way
Michael Sheen has just launched the The End High Cost Credit Alliance. Michael Sheen has been a supporter of many causes throughout his career and is now …
The secret to a successful startup
The process of starting a new business is rewarding, but it can also be it can be stressful. In addition, entrepreneurs have to raise the right money …
Wonga’s collapse and what it means for the people who rely on payday loans
Wonga The poster boy of Wonga, the mascot of the British payday lending industry, has been placed in administration due to an increase in complaints from …