Learn How and When to Take Loans

Sometimes we simply get overwhelmed by our numerous responsibilities and cannot control our personal financial needs which is why we take loans from friends, family members, financial institutions etc. – and as financial integrity demands, we should return what we have borrowed. All the same, there are factors that you might want to consider when taking loans.

  1. Liquid Asset/Available Money

The first thing to consider is how much you currently have (readily available) and how much will you continue to have (again, readily available) over the period of time it will take to repay the debts. This is usually influenced by the flow of money from your sources of income. It is important to know how much cash you have or will have at hand, because your available money will affect the debt repayment plan.

  1. Understand the Terms of the Loan

Every Legal Agreement comes with its rules and guidelines. It is important that you fully understand
the terms of your loans – and not just understand them but be faithful to them. Don’t assume but instead recognize where there are penalties for some actions. Keeping to the terms encourages your lenders to trust you and in turn, improves your chances of collecting another loan in the future.

  1. A Repayment Plan

In movies, every spectacular jailbreak or elaborate sting operation begins with the famous white board. A game plan. The need for a repayment plan cannot be exaggerated. It might require some strategizing and negotiation, but by all means create a way to pay your debt back.

A repayment plan helps ease you into repaying your debts. If you agree to spread the repayment over six months and you realize that you will be unable to keep up, it’s better for you to renegotiate the plan rather than to put yourself under pressure only to defer your payments. Loan agreements are like promises, and no one likes unfulfilled promises.

  1. Other Financial Obligations

Your debts do not cancel out the existence of other financial obligations, such as the kids’ school fees, monthly bills etc. While clearing off your debts, don’t leave your other financial responsibilities hanging. Also plan for them and prioritise them into your debt repayment plan. Sometimes, you can even take loans to help fulfil such obligations like school fees loans, cash loans etc. In conclusion, it’s always good practice to repay your debts. It is never advisable to collect loans without sticking to the agreement made with the lender.


  1. COLLATERAL FREE LOANS- Our loans are without collateral’s, it means we do not ask for your car, your landed properties or your mother’s birth certificates. You can take a loan and not lose any of your belongings.
  2. NO PRE-LIQUIDATION CHARGE- When you take our loans, you can liquidate at any time and not face any charges as we do not have any penal charges on your loans. You can walk into our branches at any time, liquidate and smile out.
  3. NO ACCOUNT OPENING- You do not need to open any special account or transfer your salary account to us before we grant you a loan. We accept any account that has been serviced over a 12 month period.
  4. QUICK TURN AROUND TIME- within hours of complete documentation, you would receive your payment. We boast of exceptional customer service that follows you all through your loan tenure.
  5. INSURANCE- All Credit Direct Limited loans are fully insured and so you are immune against issues arising from job loss or death. Another reason why you need to contact us today.

At Credit Direct Limited, we guarantee PEACE OF MIND. Get Quick Loans online within hours. (Emergency Loans, Payday Loans, Collateral Free loans today)
Call 01 4482225 or 0700CREDITDIRECT, you can send an email to cashtogo@creditdirect.ng or visit www.creditdirect.ng/apply

Save Money As You Get Credit

A lot of people get unsecured loans and still don’t have enough to repay or live on. They get into debt even after the pay-day and sometimes don’t have enough for repayment.  It’s been a major problem and debts keep increasing. We give loans without collateral at www.creditdirect.ng and care about our client’s financial life.

Major questions asked are, how do I pay my repayment for the “no collateral loan” I collected, cover my daily expenses, have enough to save and yet gain more interest on my money? Saving is a good way out.

Of all the money you make, you can save some to keep for yourself, spend some, while you also have enough for your repayment. Remember, only the money you save is yours to keep. The money spent on things goes to the people from whom you buy.

A savings account is a type of bank account where you securely deposit your money and wait for it to earn you interest. A lot of Savings accounts require that you open an account and constantly make deposits into that account. You can even earn interests on their investments over a specific period.

Here are a few benefits of running a savings account:

  1. The more money you add to your savings account, the more you earn in interest. You deposit your money and, after watching the principal ‘grow’ for a while, the increase over the original amount is yours to keep!
  2. A good savings attitude can help you earn a good credit score. A good credit score indicates that you are able to repay your loan on time and perform other financial obligations. A bad credit score on the other hand, indicates you are unable to pay your bills on time and this can prevent lenders from giving you a loan or attract high interest rates.
  3. When repayment of all unsecured loans are to be made, it wouldn’t be a burden. Defaulting on payments or paying your monthly dues late will do you no good at all, it’s therefore important to have a few cash saved to avoid a default. You might want to take some of that savings and pay down your loans.
  4. Your savings can serve as a fall back solution during financial emergencies. It’s always important to have money in the bank for when “something” happens.
  5. If you have a substantial amount of money in your savings account, you can take it out of your savings account and earn more money with it by investing the money in a Fixed Deposit account.
  6. The savings account will help you build a solid cash base for the future. Living paycheck-to-paycheck is no way to live a healthy financial life.
  7. Also, if you do not have a credit history and want to get access to a pay-day loan, you can use a good savings deposit as a social capital to secure the loan or to assure lenders that you can make repayments when due.

We at www.creditdirect.ng care about you and, we want you to have a healthy financial life.

Don’t forget to check our social media handles,

My NYSC Business Story

So I was a fresh graduate. I’m about going for NYSC and  needed to boost my employability rate. I really didn’t have the job experience expected, but while on campus, I contested for elections – and won, held leadership roles in my fellowship and department. Some months before I started my youth service, I applied for an internship position at many large organizations but got rejected. Reality dawned on me, I had few job options, it’s either I go for masters, a top up degree after service was over, run my own business or stay jobless.


During the first month of my service year (on camp), A lot of companies came to talk about their services and one of these was Empower the corps (www.empowerthecorps.com.ng) a product of Credit Direct Limited, (Nigeria’s Number Collateral free loans company) www.creditdirect.ng. They give loan without collateral and they said they can help us run a small business during NYSC with a startup fund of up to 100k. Although the duration of the NYSC was one year, it didn’t matter much to me, I just wanted to gain some business experience, get me busy, increase my ability to get a job post-NYSC and increase my earning during my service year.


During SAED while on camp, I’d learnt how to make beautiful hair styles and give guys a very good haircut. 2 weeks post Camp at my PPA, I discussed with my hair specialist at home and became more acquainted with the business. All I needed now was a quick available cash to startup something at the Local Government I was posted to. I remembered Credit Direct LTD, called them (01-4482225) and was told to apply online.


As at the 3rd month, I applied for a loan online at www.empowerthercorps.com.ng attached all needed document and communicated with an agent. All this was done and completed online. Within a few hours, I got the “kpan kpan” on my phone. It was a credit alert from Empower The corps. My joy knew no bound. J J


I immediately called my hair specialist at home for support. He gave me some quick hints and …swoosh… I went into action. I got a small space close to the corpers lodged, bought a small generator of N11,000, a good electronic sterilizer to treat clippers after use and a comfortable revolving chair where customers will sit on. I got a good local carpenter to fix a table cabinet and chairs where other waiting customers can seat at an affordable price. I also bought a good standard mirror as well.


The returns per week was whao!! I was 3times richer that other corps member. I trained a few others and did a Free Hairdo Projects for Secondary School Students (FHPSSS) as a state project (this actually got a state recognition from the state government).

2 Years down the line, I currently work with a multinational firm and this was secured via a referral from that Hairdo community project I did. My business is still actively booming as I was able to fixup one of the community student to continue the business and I get weekly returns. All this thanks to Credit Direct for the sharp! sharp!! money I got.

I currently have a stable income job that I can use to get a pay-day loan at any time and a young booming business.


I’ll tell other corps members to be reminded that you don’t have to be a professional to start a business (might not be a barbing salon). You need the determination, learn a skill and don’t forget to have a mentor on that business to call on when advices are needed.


If you desire to a quick loan in the business, call Credit Direct 0700CREDITDIRECT or visit their website. Discuss with them and ensure you all agree all conclusions.