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Mobile Loans offered by NCBA Bank: Loop

Loop by NCBA is a digital banking service by NCBA Bank Kenya that lets customers manage their money by providing ...

Timiza Frequently Asked Questions

What are the requirements for a customer to have a Timiza Account? Be a registered Safaricom subscriber and registered as ...

Mobile Loans provided by ABSA Bank: Timiza

Absa Bank launched Timiza, a mobile banking App that allows people to apply for loans from Ksh. 50,000 to 150,000 ...

Mobile Loans offered by Safaricom

1. Fuliza Fuliza is an on-going overdraft service available for Safaricom’s M-PESA customers for them to be able to complete ...

Kenya’s Family Bank Available Loans

1. Mobile Loan Family Bank mobile loan allows both their customers’ and non-customers to access affordable instant mobile loans through ...

Why Generational Wealth Is Important & How to Build It

The Great Generational Wealth Transfer is happening now. Approximately $1 trillion in personal wealth will be transferred from one generation ...

Signs you’re building generational wealth and what to do if you’re not

Generational wealth doesn't have to be unreachable if you invest thoughtfully and properly prepare your estate, whatever your income level ...

Investment Strategies for Generational Wealth

Constructing lasting riches for future generations necessitates comprehension of the assorted investment tactics at one’s disposal. Grasping the assorted investment ...

How to create generational wealth

Eight things anyone can do to leave a legacy for their loved ones. If you’re a parent, you’ve probably asked ...

How to build and destroy generational wealth

Building wealth is hard. Building generational wealth is even harder. By generational wealth, we of course mean passing down assets, ...

How student loans work

What is a Student Loan? A loan is borrowed money that is repaid over the time. In addition to repaying the amount borrowed, most borrowers also have to pay a fee, called interest. A student loan is used to pay for college costs. What is Interest? Interest is a fee charged for the use of someone else’s money. It is typically charged once a month based on the unpaid loan ...
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How Student Loans Affect Your Credit

Student loans can have a major effect on your credit score, so it pays to understand the relationship between student loans and credit. On one hand, borrowing and paying back student loans can do wonders for your credit history. On the other, a misstep like a missed payment can send your score plummeting. How Student Loans Can Positively Impact Your Credit Think student loan debt is all bad? Not quite. If you ...
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How Student Loan Debt Can Harm Your Credit

Though student loans can be a good thing for your credit, it's also easy to get into trouble. If you aren't careful with payments or take on too much debt, your credit score can suffer as a result. Missed payments. Remember how important payment history is for your credit score? The last thing you want to do is miss a payment. Because payments comprise 35 percent of credit history, missing and ...
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How Personal Loans Work

Credit comes in many forms, including credit cards, mortgages, automobile loans, purchase financing over time and personal loans. Each type of credit serves a certain purpose for a goal you may have, whether it's to buy a house or car, or to allow you to break up a big expense into more manageable monthly payments. A personal loan is a form of credit that can help you make a big purchase or ...
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How medical debt can harm you

Medical debt is still debt, and any debt can ding your credit. On the FICO scale of 300 to 850, “a collection that hits a credit report could have an impact of up to 100 points,” says Nancy Bistritz-Balkan, vice president of communications and consumer education at Equifax. Regardless of what caused it, a lower score will affect whether you can borrow money or obtain credit, and on what terms ...
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How long do you have to roll over a 401(k)?

If you have more than $5,000 in your former employer’s 401(k), you generally won’t be forced to roll over your 401(k), according to the IRS. If a distribution is made directly to you from your retirement plan, you have 60 days from “the date you receive” a retirement plan distribution to roll it over into another plan or an IRA, according to the IRS. But if you have more than $5,000 ...
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How financial advice can help

We believe in the value of financial advice. In today’s complex and ever changing financial world, it’s never been more important to seek qualified and experienced guidance to help you secure a successful financial future. The major goal is to make it easier for all people to access and benefit from receiving the right advice for their individual needs and objectives. Whether it be simple fact based information to make ...
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How Do Student Loans Affect Your Credit Score?

Student loan debt is fairly common these days. As of 2018, more than 44 million Americans were dealing with student loans – so don’t feel alone. And while paying off your loans may be an added stress during these already complicated years of young adulthood, it’s good for you to know that having a student loan may actually help your credit score and even allow you to build a credit history that could enable ...
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How Do School Loans Show up on Your Credit Report?

Yes, your student loans appear on your credit report and are factored into your credit rating, just like any other loans. That means they can provide a positive effect on your credit rating if you make payments promptly, or a negative impact if you miss payments or go into default. If you take out a reasonable amount of student loan debt and make responsible payments on it after graduation, your credit report will reflect ...
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How Do Private Student Loans Work?

Federal students’ loans offer standardized loan types, interest rates and terms to most borrowers. With private student loans, your options and interest rate will vary, though there are some laws that affect all private student loans. Your credit, and that of a co-signer if you have one, will also impact what types of loans you qualify for and the interest rate you’ll receive. Loan Types Lenders may offer different types ...
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