ProfiCredit Financial Solutions was established in South Africa in 2008 as a network of websites aimed at assisting consumers with personal finance decisions by providing information, advice and comparison of a large number of service providers on the market.
Everyone's circumstances are different and finding the right information to make the right financial decisions could be difficult and time consuming, but making the wrong decision could turn out to be very costly. Whether it is a small personal loan, a student loan or a home loan, there are a lot of options out there and even if you have a poor credit history or are blacklisted it is still possible to find a suitable financial solution.
Short term loans are also known as pay-day-loans and are typically available for short periods of time – 5 to 30 days. They should be used as a bridge until the next salary date in order to cover unexpected expenses, which may arise in a month. These loans are offered at high interest rates, but are quick to get online and are often available to people with bad credit histories.
Personal loans are the most common type of personal financing and people may make use of them repeatedly and even have a few of them at the same time. It is important to manage your personal loan effectively as, even a single missed payment can make the loan more expensive and negatively affect your credit history, making it harder to get further loans.
Home loans are used to purchase property and are by far one of the biggest financial decisions that one will make in their life time. These loans are secured against the house and if they are not paid on time one risks loosing the property. As home loans are taken for a long term, compared to other loan types – typically 20 to 25 years, it is important to choose carefully as over time their cost is vast.
Student loans are used by students to finance their studies and are typically paid out upon completion of the studies. You will have to meet certain criteria to qualify for a student loan and the process could be lengthy and therefor should be started in advance.