When you are struggling underneath a mountain of debt, it can often seem like there is no end in sight. Luckily, it doesn’t have to be that way. If you have more debt than you can handle, a debt agreement may be the way for you to extract yourself. What Is a Debt Agreement? A … Continue reading Entering into a Debt Agreement
No one sets out on their adult journey with the intention of filing for bankruptcy. Unfortunately, life circumstances outside of your immediate control sometimes make it unavoidable. Perhaps you became seriously ill and couldn’t work, went through a divorce, or experienced business failure. These things can happen to anyone. For some people, the debt comes … Continue reading Is Bankruptcy Right for You?
Many people can relate to the unpleasant experience of having a loan rejected, which they felt certain lenders would approve. Before you can understand why it might have happened, it’s essential to know what factors help make up your credit rating. How You Receive a Credit Rating When you apply for a home loan, car … Continue reading Lenders Consider Credit Score to Gauge Your Ability to Pay What You Owe
Australian law governs who can see your credit file and for what purpose. The Privacy Act of 1988 dictated what information credit reporting agencies can release to lenders. This was a ‘Negative’ Reporting system and Credit Reporting Bodies (CRB’s) could only hold adverse information. On the 12th March 2012, the Privacy Amendment (Enhancing Privacy Protection) … Continue reading Your Rights as an Australian Consumer