Blog - Bayport Financial Services
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Bayport Blog: Category - Personal loans

If it’s too good to be true, it’s probably an online loan scam


Published: November 26, 2020
Categories: Personal loans
Tags: Financial Literacy, Financial Tips, Online loans
online-scams-fraud

When you are desperate, it is easy to make poor decisions. It is especially easy to believe someone who promises to make all your money troubles go away. Sadly, these promises are often scams, and…

When is the right time to take out a loan?


Published: October 6, 2020
Categories: Personal loans
Tags: Affordability, Budgeting, Consolidation Loan, Day-to-day expenses, Financial Literacy, Loans, Online loans
loan-calculator

When times are tough, you could think that you need a loan to get you through to the next payday. But while a loan is certainly an option, it’s worth asking yourself a few questions…

Good debt vs bad debt: know the difference before you take out a loan


Published: September 8, 2020
Categories: Personal loans
Tags: Financial education, Financial Literacy, Financial Planning, Responsible lending
good-credit-and-bad-credit

In simple terms, good debt is a personal loan you can afford and that you use to buy things that you need. Bad debt is a loan you cannot afford and that you use for…

The money side of educating your children at home


Published: August 19, 2020
Categories: Personal loans
Tags: Day-to-day expenses, Financial Literacy, Financial Planning, Financial Tips, Investment, Loans, Online loans, School fees
toddler-homeschooling-finances

Covid-19 has taught us that many things can be done from home, including working and schooling. However, home-schooling is not only an option during times of crisis. If you want to consider it even when…

How to set yourself up to work from home


Published: July 6, 2020
Categories: Personal loans
Tags: Affordability, Financial Tips, Online loans, Small Loans
working-from-home-workstation

For many people, working from home is their new normal, at least for a few days a week. Whatever your situation, you need something more than a corner of the dining room table. The right loan can help you set up your workspace quickly and affordably.

The impact of interest rate changes on my loan


Published: June 23, 2020
Categories: financial literacy, Financial wellness, Loans for homes, Personal loans
Tags: Borrow Money, Debt, Financial Literacy, Financial Planning, Financial Tips, Loan interest, Loans, Types of Loans
home-finance

Since the arrival of Covid-19 in South Africa, the Reserve Bank has cut the repo rate three times to help our country deal with the economic impact of the pandemic. It sounds like a lot…

Formal or informal – which loan should you choose?


Published: May 13, 2020
Categories: Personal loans
Tags: Bad Debt, Borrow Money, Loans, Unsecured personal laon
loans to choose

Almost everyone needs a loan at some point. It could be as informal as borrowing R50 from a friend to pay for a meal, or as formal as signing a multi-page loan agreement with a…

Understanding your payslip


Published: May 8, 2020
Categories: Financial wellness, Personal loans, Workplace loans
Tags: Payroll lending, Salary
Understanding your payslip

You go to work, you get your salary, you check your payslip to see how much money you take home this month, and then you probably forget about that piece of paper. The truth is…

Understand your credit agreement to protect your credit record


Published: April 30, 2020
Categories: Debt Relief, Financial wellness, Personal loans
Tags: Credit Health, Credit Score/Rating, Credit Wellness, Debt Advice, Debt Consolidation, Debt Counselling, Debt Management, Debt Relief, Debt stress

What is a Credit Agreement A credit agreement is a legally binding agreement between yourself and a credit provider. The credit provider agrees to provide goods, services, or a cash loan to you, with the…

6 Good Reasons to Apply for a Personal Loan


Published: March 6, 2020
Categories: Personal loans
Tags: Responsible lending, Small Loans, Types of Loans
6-good-reasons-for-a-loan

Tough financial times, economic recession, cash crunch and too much month left at the end of your money are concerns that millions of South African consumers are faced daily as they struggle to make ends…