Loans
Challenges of loan restructuring
Loan restructuring is a tool lenders and borrowers use to prevent outright default when a borrower can no longer meet...
Loans
Disadvantages of loan restructuring
While loan restructuring offers critical relief to borrowers facing financial challenges, it also comes with notable drawbacks. For both lenders...
Loans
Advantages of loan restructuring
Loan restructuring is a financial strategy that allows borrowers to revise the terms of their loan agreements in order to...
Loans
Why SACCOs offer loan restructuring
Savings and Credit Cooperative Organizations (SACCOs) play a vital role in promoting financial inclusion, especially for individuals who may not...
Loans
Loan restructuring in SACCOs
Loan restructuring is an important financial tool used by Savings and Credit Cooperative Organizations (SACCOs) to assist members who are...
Loans
Borrower financial commitment review
Before lenders extend credit or approve loans, they often conduct a borrower financial commitment review to assess the borrower’s ability...
Loans
Why debt-to-income ratio matters
The debt-to-income (DTI) ratio is one of the most critical indicators of your financial health. It is a simple calculation...
Loans
How to improve your debt-to-income ratio
Your debt-to-income (DTI) ratio is one of the most important financial metrics that lenders use to assess your ability to...
Loans
Understanding debt-to-income ratio evaluation
Managing personal finances responsibly is essential to achieving financial stability and long-term success. One of the key indicators used by...
Loans
Reasons why borrowers refinance
Refinancing is a popular financial strategy that allows borrowers to revise the terms of an existing loan by replacing it...