Rules to handling your personal finances

A hungry man is an angry man, same applies to a wealthy man is a happy man; Your financial situation reflects your total well-being and how best you perform depends largely on how well you take care of yourself. The same way you take care of your body is the same way you are expected to take care of your finances and this should be a priority of your thoughts.

We all have our ways of life and directions in handling things. We grew up with habits defined by our cultural lines but when it comes to finances, there are standards that we all live by. Just like you have regular checkups and dates with the doctors you should also have time to reflect on your financial health. There is structure in financial management and there are a lot of things to do to ensure we stay financial literate. We have laid out 4 basic personal finance rules that can guide you on starting out:

Getting multiple streams of income

Back in the day it was strange to have multiple streams of income. People were ok with just one job and all that came from it. Your salary was just enough to sustain you all month but the truth is there is no security in one stream of income. The economy is tight and it makes it almost difficult to sustain on one income. You should therefore set up a side business that would support your regular income. This can help you fund your lifestyle and hey! if you need a loan for it, Credit Direct Quick cash Loans have you all covered.

Your Salary and Your savings are totally different

Your salary is what you get paid when you meet the set expectations of your employer but your savings is what pays you. You work today so you can get paid, so also you save today so your future is secure. No matter how you procrastinate, your lack of savings today would dent your happiness in future; It would always certainly catch up with you. Imagine how you would have to explain to your children in future how you failed to save. The key to financial security is setting aside a certain portion of your salary now and planning for the future


“Birds of a feather flock together”… If you hang around loose spenders, you would end up with holes in your pockets. Cut your coat according to your cloth. It means live within your means. No matter how you try to fake it, you are not it. If you know you cannot afford a particular lifestyle then you must not continue faking it cos you would end up in debt and attendant issues. Don’t live for others, never stress to impress anyone and always stay in touch with reality.

Impulse buying

A lot of us are guilty of this. We buy what we want and not what we need. Some people have 4 sets of the same shoe type in different colours. Most of us rush to buying expensive “Aso ebi” for weddings when we really don’t need them. We live to impress people daily and end up running down our finances. To manage your finances, you need to reduce spontaneous buying to its barest minimum.

If you judiciously adhere to this step by step process, you would certainly build a good savings habit and progressively grow your finances. Well, with Credit Direct Limited, you are guaranteed PEACE OF MIND. We grant Quick Loans without collaterals in few hours and you can get Fast loans online to enable you start off on your new stream of income. Pay bills and live a good life with our low interest loans.

Call our lines 01 4482225 or send an email to Loans available for salaried employees only

Quick Loans, Emergency Loans, Fast Loans, whatever your needs, we have it. Contact us today

What Do You Know About Quick Loans…. 1

While applying for a loan from a bank, it’s essential that you know certain information, both for personal awareness and so you can educate other potential borrowers.

A loan may be considered as a sum of money advanced by one or more individuals, organizations and/or other entities to other individuals, organizations or entities to enable them meet certain planned or unplanned events. The borrower is often required to pay back the loan, usually along with interest charged over a stipulated period. Most of the time, the lender bears the risk that the borrower may not repay a loan even though this risk is often skillfully managed.

There are several types of loans given by various financial institutions and these may be Secured loans or unsecured loans.

Secured loans are protected by collateral that serve as a guarantee for the loan amount. Valuable assets are put up as collateral and these assets serve as security in case of a default.  A borrower may consequently place a home or other property as leverage to guarantee that they will repay the loan at the agreed duration and the lender puts a lien on those assets until repayment is done. If the borrower defaults on the loan payments, the lender can claim the collateral and sell it to recoup the loss. This is why when you apply for a secured loan the lender will want to identify which of your valuable assets you plan to put up as collateral.

Unsecured loans on the other hand are loans that do not involve any assets as collateral or security. They are mostly personal loans, quick loans and short-term loan which have no guarantees attached to them. Such loans are usually given on the basis of a borrower’s credit record and financial position. As these loans are without collateral, some financial institutions do not venture into them and for those who do, the approval process for such unsecured loan are typically lengthy, but definitely not with CDL.

Some eligibility criteria considered before you can access unsecured loans of your preferred amount are your credit score, the authenticity of your employment and other documents applicable to the Know Your Customer (KYC) policy.

It is also advisable that while considering a loan facility you make sure the institution providing such a loan has Payment Protection Insurance. This ensures the principal repayment of your loan in the event of any unforeseen circumstances so that no burden is passed down to your Next of Kin. Credit Direct Limited has this adequately covered on all our loan packages. The family of a loan beneficiary receives an amount as part of this legitimate claim if the borrower dies before the loan is fully repaid and such a loan is also fully cancelled.

At Credit Direct we provide a variety of unsecured loans, (Quick Loans, Payday Loans, Collateral Free Loans, and Emergency Loans. We have a reputation for fast loans without collateral, quick turn around time and low interest rates…

Watch out for the 2nd Part in the coming week.