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Credit Card debt
mtaalam
#1 Posted : Friday, August 21, 2009 12:49:00 PM
Rank: Member


Joined: 11/2/2006
Posts: 519
How bad is it in Kenya? What happens assuming you lose your job and are unable to pay?

ili iwe funzo...
pauloti
#2 Posted : Saturday, August 22, 2009 8:35:00 AM
Rank: Member


Joined: 10/30/2008
Posts: 33
i dont think kenyans will be too badly affected. the credit card companies are very vigourous in their credit checks in kenya due to the lack of a proper credit rating system. hence the cards are given very selectively,mostly through banks where the account holders get a card by virtue of how they maintain their account. therefore mostly only the middle and upper income brackets qualify for these cards,and the majority of them honour their debts. the card charges in this country are still exorbitant - average of 3000/- annual fees and 3.5% interest per month - only certain categories can afford this expensive credit.
VituVingiSana
#3 Posted : Saturday, August 22, 2009 5:42:00 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,095
Location: Nairobi
If u can do without a credit card... then do without it...

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
simonkabz
#4 Posted : Sunday, August 23, 2009 10:37:00 AM
Rank: Elder


Joined: 3/2/2007
Posts: 8,776
Location: Cameroon
Wachana na hiyo kitu bwana. These pple will go to any lengths to recover their money.

The only reason why some people are still alive is coz its illegal to shoot them!!
TULIA.........UFUNZWE!
Murenju
#5 Posted : Thursday, February 06, 2014 3:43:15 PM
Rank: Member


Joined: 7/13/2006
Posts: 94
Location: Nairobi
Is there a broker that accepts use of credit cards to purchase stocks?
Knock hard and it will be opened. Ask and you will be answered. Seek and you shall find.
mkeiy
#6 Posted : Friday, February 07, 2014 9:19:42 AM
Rank: Member


Joined: 1/27/2012
Posts: 851
Location: Nairobi
Murenju wrote:
Is there a broker that accepts use of credit cards to purchase stocks?



Is there a limit per credit card transaction?

PS; I've never had/used a credit card.
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