Bankruptcy And Debts Blog 26 March 2008

26 March 2008

Small Business Commercial Loan, Minister Reminds Businessmen To Repay Loans

Posted by James Breen at 3/26/2008 11:22:00 PM

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By Joe Dinga Pefok Finance Minister, Lazare Essimi Menye, has reminded business operators to pay up their loans. The Minister was speaking in Douala recently on the sidelines of an international conference of the African Fund for Guarantee Economic Cooperation;He said anybody who obtains a loan should make it a point of responsibility to repay the loan. Essimi Menye was in Douala to attend a roundtable conference, which focused on the relationship between commercial banks and small/medium ..[next].

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Lets assume, for example, that you have R1 000 available to repay debts. This is the money that you will be using to accelerate your debt repayments and pay off several debts quickly. Does it matter which debts you repay first Very much so! This is a very important point because they are costing you anywhere from about 30% to 100%+ loans! Other baddies are credit cards (23% to 39%), small personal loans (15% to 45%) and old debts (40% to 60%).

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Bankruptcy And Debts Blog 26 March 2008

Small Business Commercial Loan, Minister Reminds Businessmen To Repay Loans

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