What Happens To HECS-HELP Debt Upon Your Death?
July 28th, 2017

The HECS-HELP scheme is designed to help eligible students to pay for their education with loans and discounts. HECS debt accumulated during this time is different to other types of debt, and repayments are based on your income rather than the amount you have left to pay. Ultimately, the debt is cleared upon death. What … Continue reading What Happens To HECS-HELP Debt Upon Your Death?

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Taking Out A Debt Agreement

It is important to understand that a formal debt agreement is a serious step with real consequences. It is a severe debt solution that affects your credit rating and even your career, and should be used only when other means fail. Talk to a financial expert before you enter a debt agreement. They can explore … Continue reading Taking Out A Debt Agreement

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Mortgage Refinance For Poor Credit

You can still refinance your mortgage even if your credit history is poor.   Many people believe that it is impossible to refinance a mortgage if their credit rating is poor. The truth is, you still have a good chance of obtaining mortgage loans if you follow the right process. Most lenders take into account … Continue reading Mortgage Refinance For Poor Credit

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Are Debt Consolidation Loans Easy To Get?

Debt consolidation loans offer a possible solution that can help you to deal with overwhelming forces of debt coming from multiple directions. When you have debt from several lenders or lines of credit, each with their own terms and interest rates, it can be difficult to keep up with repayments. It’s at times like this … Continue reading Are Debt Consolidation Loans Easy To Get?

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Debt Help That Does Not Hurt Credit 

Is it possible to get debt help that does not hurt your credit score? Can a consolidation loan lead to credit improvements in the long run? The answer to both of these questions is yet, but only if you take a prudent approach to financial management, and pay off your debt as soon as possible.  … Continue reading Debt Help That Does Not Hurt Credit 

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Change in Debt Ownership

A change in debt ownership occurs when the original creditor enters into an agreement with a third party to become the legal owner of a debt. The terms of the debt do not change, this can include credit cards, personal loans, secured loans, disconnected utilities. The third party becomes the assigned creditor, taking on full … Continue reading Change in Debt Ownership

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