A money emergency may creep in on anyone, but can you get a loan in Nigeria without a salary account? A salary account, often called a payroll account, is a type of bank account specifically designed to receive a regular salary or income from an employer. It is a financial arrangement that facilitates the seamless …
The Federal Competition and Consumer Protection Commission announced plans to create a new regulatory framework to address Nigerians’ refusal to repay loans. Don’t wait to be forced to repay your loans. Read this article to learn the best strategies for a timely and stress-free repayment. A salary loan, also known as a payroll loan or …
Repaying Your Salary Loan: Strategies for Stress-Free Payments
Payday loan providers don’t speak to your employers… Are my employers informed when I apply for a payday loan? Unlike some conventional lenders who require some form of comfort from your employer before approving your loan, payday lenders keep the contract strictly bilateral. Most payday lenders request your employment status and details, hence there is …
Managing your hard-earned money effectively can seem like an impossible task in Nigeria's current economic climate characterized by high inflation rates, naira devaluation, and slow economic growth. Many salary earners struggle with stagnant incomes and rising living costs. However, with some financial acumen and a disciplined approach, you can take control of your finances. Developing …
