Welcome to the Loans & Credit section of WalletFortify. This page provides guidance on understanding and managing loans and credit responsibly so you can borrow wisely and protect your financial well-being.
Here we’ll cover:
- Types of loans: Explore common loan products such as personal loans, student loans, mortgages and auto loans. Learn how each works and what to consider before borrowing.
- Credit cards and lines of credit: Understand how revolving credit works, including interest rates, fees and how to use cards to build credit without falling into debt traps.
- Interest rates and terms: Learn the basics of how interest is calculated, the difference between fixed and variable rates, and how loan terms affect your monthly payments and total cost.
- Building and maintaining good credit: Discover tips to improve your credit score, from paying bills on time to keeping credit utilisation low and monitoring your credit reports.
- Responsible borrowing tips: Evaluate your needs carefully, compare offers from different lenders, avoid taking on more debt than you can handle, and plan a repayment strategy before signing.
Whether you’re considering your first loan or want to make better use of credit, our guides and tools can help you make informed decisions and stay on top of your finances. Feel free to explore and come back often as we continue to add new resources.
