Articles
Cast Study – Debt Trap
May 7th 2012
It all started on a short trip to my post box, as I opened the letter, I wonder if it was a treasure, the letter said $10000 was approved before I applied it. As I fill the application form waiting for my treasure to arrive, it did not take long before I saw a plastic
Australian Credit Card Crisis
April 9th 2012
We Australians love the mateship, sports, helping others etc. At the other end of the spectrum what we also love is being in debt. Australians have one of the world’s highest if not the highest debt to disposable income ratio. This is getting us closer and closer to a crisis which is not visible to
Fix your Credit Rating
March 6th 2012
We continue from our last article which talked about credit scoring and Credit ratings. It explains what a Credit Score is and how it helps you to save thousands of dollars in interest charges if your credit score or credit worthiness is high. What is a credit report? Your Credit Report is a mini database
Your Credit score
March 2nd 2012
Changes in how credit reports look? We live in the world of Credit Ratings otherwise named as Credit Scoring; everyone is rated for credit worthiness in this World, from Countries to individuals. Providing credit and repaying the debt always takes into account the credit worthiness of an entity. You are more likely to get credit
Eligibility to do a Debt Agreement
February 6th 2012
It is important that an individual understands his or her eligibility before doing a debt agreement. Not everyone is eligible to do a Debt Agreement. This article aims at providing a guideline on the eligibility criteria before applying for a debt agreement. To do a Debt Agreement the most important test is Insolvency test. Insolvency
Bad Credit & No Help: Consolidate debts through a Debt Agreement
January 5th 2012
Debt Consolidation in itself is a loose word. It can be used at various instances. In a lay mans terms Debt Consolidation is a way where you can consolidate all your debts into one on a cheaper interest rate and terms that you are already on. With a good credit ratings and history with bank,
Get out of the Pay Day Debt Trap
December 6th 2011
In the recent years, there have been many financial reforms to make sure everyone including the lender and the borrower gets a fair go at acquiring and providing finance. One important market where the abuse on interest rate has been rife is the payday lending; interest rates can easily range from 50% to upwards of
Mortgage Reduction
November 25th 2011
A Mortgage for a home for most people will be the largest debt they will incur in a lifetime. This also means that it will take the longest time to pay off and will incur the most amount of interest. Banks and lenders will generally structure a home loan over 25 or 30 years. This
How to Reduce Credit Card Debt
November 25th 2011
Credit cards can be a great way to purchase goods and services as it allows you to defer the payment until the credit card bill is due. Many credit card companies entice consumers with interest free periods, low introductory rates, bonus points and other rewards. However once these periods are finished these credit cards can
Guide to dealing with Financial Stress
November 25th 2011
“Financial Stress” is increasingly becoming a popular term these days and not only does it occur in many homes across the nation but it often puts extreme pressure on our families and relationships without us even realizing it! Increased Financial stress can be caused by many factors such as: Loss of a jobBirth of a