Sometimes, it seems that life is one hurdle after another, and expected issues with employment, relationship breakdowns and health concerns can affect your ability to buy food, pay your bills and service your debts. If you’re struggling to keep up with never-ending bills, credit card payments and home loan repayments, there are a variety of … Continue reading Debt Help for Low-Income Families
Are you finding it hard to stay on top of your credit cards and personal loan repayments? Unexpected financial burdens such as health concerns, relationship breakdowns or employment loss, can affect your ability to pay your debts. If you don’t have savings to pay for these additional expenses as they arise, it may seem like … Continue reading Refinance Your Home Loan to Consolidate Debt
Australians are under more financial stress than ever before, with the cost of living continually increasing. Many people take out multiple credit cards and loans in an attempt to stay on top of their expenses, however this creates a financial burden and can make it harder to manage financial commitments. Consolidating your credit cards, car … Continue reading Can I Consolidate Debt into a Home Loan?
Refinancing your mortgage can be a financially viable option in certain situations. The refinancing loan is used to pay off your existing mortgage, and the new loan replaces it. The idea is to secure more favourable interest rates and/or lower monthly repayments. Securing better terms can be difficult if you have a bad credit rating. … Continue reading Where To Refinance A Mortgage With Bad Credit
A Debt Agreement is a legal structure which provides relief from debt by allowing you to renegotiate terms with your creditors. It often results in lower repayments, and can mean paying only part of your full debt amount. Debt Agreements are an alternative to bankruptcy, available through Part IX of the Bankruptcy Act. When the … Continue reading What Happens After A Debt Agreement?
Debt consolidation happens when you take out a single loan which is large enough to pay off several or all of your existing debt. You use the loan to pay off your credit accounts, and then make repayments to the new lender. Debt consolidation simplifies finances by allowing you to pay one single monthly repayment. … Continue reading What Does Debt Consolidation Do To Your Credit?
Being self-employed comes with a number of advantages, and can offer more freedom and control over finances and earnings. On the flip side, self-employed people often face greater challenges when it comes to budgeting and debt. It can be difficult to manage finances when work and payments are inconsistent. In fact, recent research carried out … Continue reading Debt Help For The Self Employed: How To Pay Off Your Debt
If the unthinkable were to happen to you, the last thing you would want is to shackle your loved ones with unpaid debts. So, it is important to know exactly what happens to your debts when you die. We’ve talked before about what happens to your HECS-HELP debts when you die, and the good news … Continue reading What Happens to Your Debt When You Die?
When you have a lot of debts, consolidating them down to one, easy to manage repayment makes a lot of sense. It simplifies your bookkeeping, can reduce the overall interest rate you are paying, and can help you pay off your debts faster. However, consolidating your debts can have a negative impact on your credit … Continue reading Consolidating Debts without Ruining Your Credit
A negative credit rating can affect your ability to take out a loan, apply for a credit card, or open a bank account. Knowing the factors that affect your credit rating is crucial to prevent your score from becoming too low. There are even ways to improve a low score and increase your chances of … Continue reading When is Your Credit Rating Affected?