What if your Cheque Bounces?
One of the popular forms of collateral, lending companies demand from borrowers is a post-dated cheque. Post-dated cheques serve as one of the most popular forms of security to guarantee the risk of loan default. A post-dated cheque contains the total amount to be paid by the borrower; capital and accrued interest as well as…
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Loan Application Checklist
So, you have thought about it and you believe the best course of action on the endeavor you are about to pursue is to take out a loan. You have also considered your options and like almost every other Nigerian, you know that the bank will not be able to help you here. As you…
Is Debt Good or Bad?
Isn’t it funny that debt is one topic that many people treat like a dirty little secret, yet at one point or the other we have all been in debt? Typically, when someone asks for a loan from family or friends, there’s this unspoken code of confidentiality that immediately comes into play. Perhaps this is…
Abiola Adekunle
The 5 Cs of Credit
Have you ever been rejected multiple times on a loan application? And not just from one loan provider but from different loan companies at a different time in different locations. You may begin to wonder if there was a tag around you that makes these companies reject your loan request or they have a system…