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Tag: debt

Principal and interest

March 16, 2021 The Money Engineer

Principal is the amount you borrow or lend. The amount of principal you qualify for depends on many things including your income and collateral. Interest

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Before you go to a money lender

February 10, 2021 The Money Engineer

Money lenders provide a lot of convenience and efficiency in providing quick loans. However the interest rates charged are very high and their repayment terms

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Flirting with a bank agent

December 4, 2020 The Money Engineer

I received an interesting call from a bank agent. She had an attractive voice and her only objective was to entice me to take a

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How to use Salary loans

June 16, 2020 The Money Engineer

Salary loans can be quite useful if well utilised. They are usually unsecured and extended to employees in stable jobs. The amount borrowed is usually

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How to pay down debt!

February 29, 2020 The Money Engineer

There are various reasons people get in debt. It could be poor planning, an emergency, buying shiny toys like nice cars, investment, buying a home,

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