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?
Your credit file is a tool that lenders and financial institutions use to determine your qualification for a loan, credit card, or account application. It’s an important, ever-changing report that takes into consideration all of your financial activity throughout your life, and is something you should keep tabs on. Thankfully, there is an easy, free … Continue reading How to Check Your Credit File For Free
Consolidating debt by combining several loans into a single loan is a great way to help you keep better track of your loans and manage your repayments. Unfortunately, most debt consolidations require some form of collateral: a car, home, or item of value. However, there is a way to consolidate loans without collateral: an unsecured … Continue reading Loan Consolidation without Collateral – is it The Right Choice For You?
Filing for bankruptcy is something you can do to help alleviate debts and put or stop a failing business from haemorrhaging further funds. But there are a lot of things to consider when declaring bankruptcy, as it can have very serious long-lasting effects on both your business and personal life. Immediate Effects Immediately after declaring … Continue reading What Are The Effects of Bankruptcy?