₦airaland Forum

Selling

Trex12:
Thanks but the site asked that I choose a future date

You have me checking my Calendar and wondering if 26th July is in the past.

pramil:
good day my people, please who needs naira for pounds o

Would have taken but I think my rate will be too high for you. Since I convert to USD at 1.18USD, USD to NGN is at an all-time high now meaning I could be getting as much as N773 per Pound if I include CBN's N5.

hustla:
Reminder

If I don't do it, this article from Lloyds Bank will help. It has over 12 tips to improve your credit score in there so promise fulfilled!

https://www.lloydsbank.com/understanding-credit/how-to-improve-your-credit-score.html

I will do another long post later, hope I remember, on how to improve your credit score. Will just try and give about 10 - 20 tips we can all use.

gbens2000:
Hello house, please my visa is valid from 26th August but the flight I saw which is friendly to my pocket that will be leaving Nigeria 7:30pm 25th August and will arrive Uk 26th.. can I book it?
Will Nigeria airport ask for my ticket and will Dey allow me to leave on the 25th august but as long as I will be arriving Uk on the 26th

I'm not sure, you should be allowed to board but someone might decide to be stubborn and refuse to let you. If you're willing to take the risk and if no one else thinks otherwise, you can go ahead. I would say you should just look for a later flight.

More

So Credit Cards (CCs) are one of the best Credit Tools you can have but yes, like every good thing, it does have its dangers.

Most folks here are trying to build Credit Score and to be very honest, CCs are the easiest way to do so. There are so many other ways, of course, and you should do them: Registering in the Electoral Register, Setting up Direct Debits for Utility Bills, Phone/SIM Contracts, etc but from experience since these are not Credit facilities, they may not boost your score as much as a CC.

The rules of CC usage are simple: ensure you pay at least the minimum balance (usually 10% of your usage as at the statement date). So if your cycle is 1st to 30th of every month, on the 30th, you get a statement saying you have used £2,000 and you are given a grace period (typically extra 14 to 23 days) to pay back 10% or more, and whatever balance is unpaid, interest will be charged to the card after the grace period. During this grace period, the next cycle has obviously started running. And the next month balance will sum of what you spent in the month, plus the unpaid balance from the previous month and the interest added. IF YOU DON'T PAY THIS MINIMUM, YOU HAVE DEFAULTED.

Now, the main reasons why CCs are a brilliant facility are evident:
1. Their Interest-free periods means you can use them without ever paying interests: to do this, you must pay everything in full as the interest only starts counting on the unpaid balance after the grace period. An exception is usually Cash Withdrawals, Interest on Cash Withdrawals start counting immediately. Another evil trick of Cash Withdrawal is usually that their interest is higher. There's another evil of Cash Withdrawals but it might be a little technical to explain in this post. Just avoid Cash Withdrawals if you don't want interest
2. CCs are revolving, meaning they are like Overdrafts, not Term Loans, so if I have a limit of £6k, when I spend it and repay, my full limit is re-instated, so I don’t need to re-apply (ever) unless I void the contract. 3. Rewards: Most CCs earn you Miles, Points, etc for usage and referrals.
4. Fees: Many CCs come with little or no extra fees to the Cardholder. I could go on and on.

So, pretty much, you can use your Debit Card for only Cash Withdrawal and use Cash for non-Card payments, while you use your CC for everything else and pay little or no interest while building your credit score.

Now, as beautiful as it sounds, in my 7 years as a Credit Card Product Manager, I have seen so many people wallow in heavy credit card debts. The truth is most humans are not just disciplined enough to handle such an allowance of funds. They deep their hands into it at the slightest opportunity and end up living above their means. CCs are very addictive so don't get a CC if you love to spend, the CC provider would love you and keep increasing your limit and you may land in a gloomy state: you earn just £2k monthly and are given a £6k CC, as you spend and spend, they keep increasing the limit and before you know it, you have a £20k CC fully spent on that Funeral you sponsored in Oshogbo and that trip to Turkey. How will you pay You break the card and start paying back £600 monthly, but that covers only the interest and the amount is NOT reducing every month. You realize you are stuck and have fallen for our trap and that is how we make our interest income and cover for those who are using the card wisely.

I'm sorry this post was really long, I even had to cut this short because I could go on and on about the benefits of CC (purchase protection, chargeback, acceptance, etc), the financially wise know this and hardly ever use Debit Cards but enjoy the benefits of a CC. The financially foolish use CCs to have fun for a few years or months and spend the rest of their lives as slaves to it. The choice is yours!

EDIT: For those who want the easy-to-get AMEX card with NO FIXED fees, you can use my referral link below. You get points for British Airways flights and Holiday bookings:

https://americanexpress.com/en-gb/referral/jEDIDAcKK3?XL=MNANS

The Credit Card matter has been discussed here a number of times and I agree that we should all do more research online and even on this thread instead of just throwing repetitive fundamental questions. That said, no one should feel intimidated to ask any "foolish questions", we're all learning.

The Credit Card bandwagon is not entirely bad as folks have mentioned severally, users just need to undertand and use them responsibly.

Maybe, for the benefit of newcomers, I will try and write some tips as a SME on Credit Cards. Long-post alert loading!

hustla:
Instead of writing stuff out like this, why not educate us about what CCJs are?

Yet to get a CC btw but I like learning how things work in advance and weigh decisions for up to a year before diving into it

Not to worry, you don't really have to know what a CCJ is to use a Credit Card. CCJs are like the judgement you get as resolution between a Creditor and Debtor, like a Court case.

Ayowolebami:
I read on here recently that ancestors Lexus and Omopapa to mention a few are reliable people to run P2P with and I reach out to both cause one didn't have at that time. I concluded my transaction smoothly without fear of scam cause I saw quite a handful of reviews on them before I went ahead.

Nice. Yeah, there are quite some names here popularly used.

simongonner:
Please am trying to make payment to Reed . Co. UK for a course studyz but it's declining all my Nigeria bank debit cards, please any solution for that ?

Most Naira cards now have a low limit of about $20 monthly. Many others don't work at all. You need to use a USD or GBP Card

japro:
Hello, family.

I'd like to have this clarified. Can the proof of funds for a family of four (the main applicant, his wife, and their two children) be in the main applicant's account?

Yes

Neatly used 2008 Toyota Avalon Limited for N2.5m. Sound Engine. Lots of Luxury Features.

Location: Ilupeju, Lagos.

SMS/WhatsApp 0806715

Reason for sale: Relocation

hustla:
Thanks! Just wanted to confirm

If the balance is paid then, I won't pay interest

I wonder how they make profit though cos if everyone pays in time, they're jonzing

Interest is only one of the income lines for Credit Card Companies, there are so many other ways they make money. Also, many people still do not pay down fully on time. One financial hit and the Cardholder who had a perfect record of paying on time enters debt and struggles to bounce back for years. Credit Card is a very profitable product for FIs.

TheGuyFromHR:
I'm still young o.

Oya na, ask any Meteorologist you trust and come and collect my Account Number and Sort Code o!

Amarathripple0:
Lol I was like the Lagos I used to live in has never been this hot. I think people assume Lagos is hotter because it’s very humid and comes without any form of breeze. Lagos is a steady 25 - 28 degrees

Yup, that's usually the confusion. The temperatures are much lower, but the heat is less bearable. A sweaty hot day in Lagos is about 28 or 29.

TheGuyFromHR:
Oh, I definitely agree that car temperature sensors are not very accurate in terms of what they measure, but Lagos temperatures hover in the mid to high 30s during the dry season.

No wahala. If it's when we were young, I'd say "you wan bet?"

TheGuyFromHR:
My car outside temp has recorded 100F - 102F a few times in Lagos. That's about 38C. It's not unusual.

Nah. That's different. Ambient Temperature is different from an exposed metal in the temperature. You would be shocked that while your car was recording 100F, the temperature was only 27°c. Lagos temperature hardly ever crosses 96 ever. 38 is very unusual for Lagos

olenime:
I need 4k pounds guys for tuition payments.
Ive got naira!

Please be very cautious, ok? I should exchanging about £3k this week through aboki, I wish there was safer way to do P2P here

TheGuyFromHR:
Can you imagine? I was reading an article today which stated that the UK generally built its railways and airport infrastructure to function at operating temps of -10 to 35°C, while the Soviet Union generally built theirs to function at -15 to 45°C. So this small heat we have today which is not even up to a normal Lagos day is causing chaos in the UK's railway and airports while Russian MIG-23 pilots might be warming up their engines dey wait signal.

Lool. Haba, how can you compare this to Lagos heat? Lagos almost never gets this hot jor. Maybe, Kano, Maiduguri, etc. Tomorrow's going to be 39° in London. Even in Kano, that is considered very hot.

The Soviet Union you mentioned has recorded Temperatures of over 45 before so it makes sense while UK had never hit anywhere near 40 till maybe tomorrow.

deept:
the feeling you get when you receive a brown envelope from HMRC.

you open it and see P800

then you read it and it says you have paid too much tax HMRC will refund you £XXXX.XX, free peppersoup and goat meat for everyone

Oh, nice! They have started sending those out? I am expecting quite some refund, thankfully.

donald197:
Hi elders I applied for IHS refund and my claim was successful. I am to get payment into the account I paid with within 6 weeks.

The issue now is I paid with barter by flutterwave and they ve shut down today.

Is there anyway to contact visa team about this development and will they accept a new bank details?

Also, contact Flutterwave if possible. They should have some relevant advice.

Ticha:
I'm assuming you won't be driving into London? Therefore you need to follow the train lines. Based on the time tables, you can see from which stations you can get into central London under an hour then start house hunting there. Be very aware that all those cities will also have a London mark up prices for rental purposes and the closer to the station the property is, the more expensive it will be as well.

The husbot worked in London for 18 months and we wanted to be within an hour's train ride (got in at Euston Station), we ended up in St Neots. It was 42 minutes to Euston and a relatively small market town with everything you need. I think I still have the spreadsheet we created with all the train times/ costs (costs would be wildly different now) and rental cost (also different). If you send me your email address, I'll forward it on to you and it may help you narrow down your choices.

Hi hi, please do you still have this spreadsheet? It will be a good resource as I'm trying to move closer to my office in London

Relocation Sales: 2019 Hyundai Santa Fe bought as brand new, and used for only a few months, has never left the Island. Full Warranty still on. N17m last

Call/WhatsApp 0806715

Amarathripple0:
Nice @Fidelity bank. Speaking of FORM A, do you have an idea of what banks have a quick response time? I’ve tried with GTB and they take donkey years to approve.

Literally, all Banks are slow now. Faster for PTA but slow on Educational stuff because of the crowd and limited FX, etc.

Pearlyfaze:
Thank you our Ticha.

Yes we do not need ILR for option one.
With our planning and projection, we will be able to pay down or pay at least 80% of the Government loan before the five years expires.

Secondly we have a Lisa account that will be one year by February 2023, we intend to draw from the Lisa to add to our deposit?.

The plan was to use only my sugars name to buy the first house and later use my name for our second which obviously will be a buy to let but the challenge is I cannot use LISA for a buy to let according to what is written on their site. So thinking of Buying the first together pulling our Lisa together.

Thank you for your advice.

I think we might be due for a Thread on Financing Houses. Just like we have for Students, Parents, etc. A Thread for people on the Mortgage journey would be nice. Ticha, Lexusgs430, etc have given some very good tips on this thread but we may need to compile them.

alongetayo:
Whao. The summary of it is that I can't drive alone with my naija licence?

Thank you.

I don't think this is true.

Amarathripple0:
They don’t ask for Bank statements during PSW Visa Application. The things that would stop anyone from getting their PSW approved are; having a criminal record whilst studying, Working above the approved hours or failing your course woefully. Also, the quarterly limit for maintenance/upkeep is £2,900 and with some banks it’s less than that. No Nigerian bank will give you £6,500 unless you are paying for your school fees directly to the school.

True... However, the limit varies per Bank. £2,900 is probably for your Bank. Keystone used to give £2,100 MONTHLY, while Fidelity still gives £3,500 quarterly. Some Banks give more.

mambani:
Hi everyone. My wife and baby are trying to apply for a Nigerian passport. However, we need to buy a postal order to proceed with the application. Do we need to purchase two postal orders or one postal order can be used for both of them? Thanks

Two. Better to buy at Strand Post Office near the Embassy

JanegirlN:
Is it really a negative?

I just started taking driving lessons and before this I had never driven or learnt how to in naija and I wish I had.

I've had 3 two hour lessons and I've had an earful from my instructor. I don't even know if I'm making progress at all and it's even automatic. I don watch YouTube videos tire.

Omo I don tell hubby say it's not a do or die. If I don't know how to drive nothing spoil, he will continue running errands. Lol

It's actually not a negative jor. The skill of driving, once learnt doesn't need to be "re-learnt". A Nigerian driver will have to learn the right "rules", etc but the fact the person can drive a car will definitely be an advantage.

I understand Lexus' point but don't agree with it. Since he never drove in Nigeria, he's not a Subject Matter Expert

As for your experience, most new drivers (especially ladies) pass through it. You just need to be patient with yourself, you will get it with enough practice. Same applies with most such skills like swimming, riding a bicycle, playing a musical instrument: Patience and Practice.