Consolidate Your Debt Wisely and Pay Off Your Loan
November 20th, 2014

What is consolidating debts? Consolidating of a debt means the combining of many unsecured debts into a more favourable and a single new loan. Usually, this is done to secure a fixed or a lower interest rate or even for the convenience of repaying a single loan rather than many. Debt consolidation is usually done … Continue reading Consolidate Your Debt Wisely and Pay Off Your Loan

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Choose Your Debt Management Plan With Care

In a debt management plan, two parties are involved, the debtor and the creditor. A formal agreement is made between the two that will help to reduce the outstanding debts of the debtor within a fixed timeframe, thus helping him to recover and have control on his finances. The debt management plan or DMP is … Continue reading Choose Your Debt Management Plan With Care

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An Overview of Declaration of Personal Bankruptcy in Australia

Personal bankruptcy is the legal status of a person who is not able to repay debts to his creditors. This is imposed by a court order, but initiated by the debtor himself because he is certain that life circumstances will remain unchanged and the possibility of paying off the debts within a timeframe will not … Continue reading An Overview of Declaration of Personal Bankruptcy in Australia

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