9 tips on how to manage and cut down your crippling debt

Manage and cut down your crippling loans

• When getting a loan,always consider two questions; 1. Will you get your money back? 2. Will it grow?
• Don't rely on income which you may get. Don't borrow based on knowing that you might be getting some money in the future
• STOP accumulating bad debt. Sit down and list all your debts and plan on how to pay them

Two financial experts; Shiv Arora, the financial controller at Cytonn Investments shares what to watch for before you get the loan and Waithaka Gatumia a financial consultant at Centonomy, weighs in on managing your existing debt.

THINKING OF GETTING THAT LOAN?