Get Under Skeleton

Online Magazine

  • Facebook
  • Google+
  • Twitter
  • Home
  • About
  • Tips
  • Travel
  • WordPress
  • Life Style
  • Blog
  • Finance
  • Home & Garden
  • Contact

February 25, 2019 by: Ryan

Being Responsible with your Borrowing

There is nothing wrong or to be ashamed about with taking out a loan. The cost of living is always rising, and here in South Africa, it is no different. The big problem arises, not just because of the cost of living increasing, but with the fact that salaries do not rise by the same amount. A close up of a persons face Description automatically generated

It means that even if you can just about get by today, you may not be able to do so tomorrow. For many South Africans, saving is a luxury that they can’t afford, and this means that when an unexpected cost or bill lands on your doorstep, you could find yourself in big trouble.

If you don’t have the means to pay for say a toilet or a boiler repair or replacement in your home, what can you do? You can’t do without the broken-down device, and you can’t afford to fix it. The answer, of course, is to take out a loan.

The difficulty that people face when they take loans out, is that they then run into trouble making on-time repayments. Sometimes this panics them into seeking more loans such as debt consolidation loans to deal with the situation, but this can turn out to be the thin end of the wedge. Once you get onto this slippery slope, it’s hard to get off again.

The most important thing when considering taking out any sort of loan is to do your comparison research properly before you take any action. There are a wide variety of different types of loans out there, and it’s important to choose the right one according to your personal financial circumstances.

For many South Africans, the possibility of taking out a bank loan is a no-no. According to the Just Money website, 32% of people in SA don’t have bank accounts, and when it comes to getting a loan, that is not a good place to start.

According to ICT analyst Arthur Goldstuck, who is also the Chief Executive Officer of World Wide Worx, a lot of those without bank accounts cannot even afford the first stage of opening an account. This opening process is something called “onboarding“, and it entails physically going to a bank’s branch to complete an application form.

Even those South Africans who do have bank accounts are often not happy, and they are looking for alternatives. One of the reasons most cited for this trend is that people feel banks charges too much by way of fees. It is leading to a new breed of “upstart” banks who are ready to take on the establishment.

Whoever you decide to apply to for a loan, as mentioned before; do your research carefully. The lender you choose should be established and reliable. Don’t pick the first one you come across. Check out several, and when you have a list of potential lenders you feel confident about, then check out the loan products they are offering.

Generally speaking, the shorter the repayment period, the better. But you still have to check out the interest rates they all charge. Things like payday loans charge high financial interest but as the repayment periods are short (typically just a few days) the total amount of interest you repay may be less than a longer-term loan with a lower interest rate.

So, do your research well and then before you sign on the dotted line; make sure you are borrowing responsibly.

 

Things to consider before playing slots

January 11, 2021 By Ryan Leave a Comment

Slots are by far the most popular type of gambling game in the 21st century, and in reality that isn’t surprising at all, especially when you consider the crazy extent to slot bonus features, slot graphics and online casino slot deposit offers in the modern day. The truth is that there are a very little other gambling games that can even come close to knocking

[ Read More ]

Pennsylvania Sportsbooks Hit Record High of $491M in Nov 

December 24, 2020 By Ryan Leave a Comment

Betting in sports has been a common pastime in the US since sports events became popular. With brick-and-mortar casinos closing and then partially re-opening this year (and then closing again this December), sports betting revenues have hit a record high. Last month, PA sportsbooks hit $491M boosted by online sports betting sites. Pennsylvania online sports betting has become extremely popular since it became legal for eligible

[ Read More ]

Pacific West Academy the best Bodyguard training

December 21, 2020 By Ryan Leave a Comment

We are living in the age of uncertainty and fight, so we will live our life if we have some great security skills for you and for the sake of other people as a profession as well as for your self-safety training. With these skills and training you can really protect yourself from any accident can become a hero by saving someone life because this

[ Read More ]

New Year’s Gift Ideas for Nursing Students

December 17, 2020 By Ryan Leave a Comment

With the finals and holidays approaching, the nursing student in your life may feel very close to blowing their fuse. As this is the season of giving, and this lovely student is already giving themselves to the world simply by pursuing the nursing career path, it’s time to give them something and bring a smile to their face. So, what’s the ideal gift for a

[ Read More ]
5 Reasons to Choose Luton Airport
How to Turn Your Phone into a Professional Gaming Setup

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

About

Hi guys! I’m Ryan. I am a recent graduate from a Journalism program and have a huge passion for writing. I am also the editor of Get Under Skeleton.

A little bit about me is that I love learning about all things and I am always inquiring and asking questions about,

Archives

  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018

Popular Posts

  • Are pay by mobile slots the same with slots online?
  • Things to consider before playing slots
  • Pennsylvania Sportsbooks Hit Record High of $491M in Nov 
  • Pacific West Academy the best Bodyguard training
  • New Year’s Gift Ideas for Nursing Students

newsletter

facebook

Get Under Skeleton

facebook

Get Under Skeleton

newsletter

  • Facebook
  • Google+
  • Instagram
  • Twitter

about me

Hi guys! I’m Ryan. I am a recent graduate from a Journalism program and have a huge passion for writing. I am also the editor of Get Under Skeleton.

A little bit about me is that I love learning about all things and I am always inquiring and asking questions about, Read More…

© 2021 · Fun Genesis WordPress Theme by, Pretty Darn Cute Design