A debt consolidation loan is an attractive option for many people who are struggling to repay their debts. Under this structure, you’ll take out one large loan so that you can use the funds to repay your existing debts. This strategy is particularly effective for eliminating credit card debt, as debt consolidation loans typically have … Continue reading When Debt Consolidation Loans Make Sense
When you are struggling with large amounts of debt, you may be seeking out options to help you get your finances back under control. In doing your research, you’ve probably read about debt consolidation or bankruptcy. Both of these are viable options, but the two are not the same. You’ll need to carefully evaluate your … Continue reading Debt Consolidation vs. Bankruptcy: Which Is Right for You?
At some point in your life, you have likely wondered, ‘Do I need a financial advisor?’ According to most professionals in the financial industry, the answer to this question is a resounding, ‘yes’. To figure out whether financial planning is right for you, ask yourself the following questions. Has My Life Situation Changed Recently? Major … Continue reading How to Know If You Need a Financial Advisor
Filing bankruptcy is a strategic way to get your finances back on track when you have exhausted all other options, bringing you back from the brink of financial demise. However, many consumers try to hide or restructure their assets during the process. This is considered illegal and can result in steep fines or even jail … Continue reading What NOT to Do Before Filing Bankruptcy
If you’re struggling just to meet the minimum repayments on your debts, you’re likely to be seeking options to help improve your financial situation. This can take many forms, and, even in extreme scenarios, you may not have to immediately turn to bankruptcy, which should only be a last-resort option. Instead, you can enter into a … Continue reading How Does a Personal Insolvency Agreement Work?
When you have more debt than you can easily repay, you do have a lot of options, which is good news. And debt relief can come in many forms. Here’s how one type of debt relief—debt consolidation—can write a new page in your life. Reduce Monthly Payments and Interest Rates Debt consolidation rolls all your … Continue reading How Will Debt Relief Help Me?
Is having bad credit better than having no credit history at all? Or, is it the other way around – do you stand a better chance of qualifying for a credit card if you have no credit? Both situations mean credit issuers will see you as somewhat risky, however, that doesn’t mean you’re stuck without a … Continue reading Bad Credit vs. No Credit History – What’s the Difference?
When you are deep in debt, your credit score is likely the last thing on your mind. Working to make your repayments while also providing for your family can take up all of your attention. To help you get out of debt, there are a number of options available, and each affects your credit rating … Continue reading How Does Debt Relief Affect your Credit?
Getting into debt is the easy part, but you could be in for a rude awakening when you realise how much you actually owe and how much you are paying in interest each month. Fortunately, there are steps you can take to make it easier to get out of debt and avoid bankruptcy. Here’s 31 … Continue reading 31 Ways to Get Out of Debt
If your finances have gotten out of control and you are struggling with heaps of debt, a Debt Agreement can help you get your financial life back on track. However, as with just about everything to do with debts, a Debt Agreement will impact your credit rating. Here’s what you need to know about Debt … Continue reading Debt Agreements and Credit Ratings
If you have run into financial difficulties, you may be considering bankruptcy as a last-resort option. You may also be wondering how filing for bankruptcy will affect the rest of your life, including your ownership of your car. After all, without a car, how will you get to work to continue to pay your ongoing … Continue reading With Bankruptcy, Can I Keep My Car?
Everything You Need to Know About Debt Help Loans If you have found yourself buried under a mountain of debt, you may be wondering what, if anything, you can do to dig yourself out of this financial hole. While bankruptcy can be a viable option in the most extreme cases, you don’t necessarily want to … Continue reading Debt Help Loans
It can be easy to overstretch your budget in today’s fast-paced world, but pushing it too far can land you with a bad credit history. This can make it more difficult for you to gain access to additional credit when you need it, especially from traditional lenders like banks and credit unions. Fortunately, there are … Continue reading Can I Get a Loan With Bad Credit?
Can you turn a constant source of stress into something manageable? For many Australians, the apparent answer is, ‘yes!’. As the Australian Financial Security Authority reports, Debt Agreements are becoming a viable option for clearing personal insolvency and debt. They’re seen as a formal agreement that is an alternative to declaring bankruptcy, yet with the … Continue reading Is a Debt Agreement Your Best Option?
How To Apply For A Debt Consolidation Loan If you are struggling to keep track of multiple monthly repayments for your debts, a debt consolidation loan may be the perfect solution to your problem. This enables you to group all your debts together in a single monthly repayment, helping to streamline your finances. Here’s what … Continue reading How To Apply For Debt Consolidation Loans
How Long Does Bankruptcy Last? There’s something about the word ‘bankruptcy‘ which sets alarm bells ringing. Perhaps it is the abruptness of the word itself. Maybe it is its association with financial catastrophe and ruin. Whatever the reason, bankruptcy is not something we want to experience. But bankruptcy does not spell disaster. In some cases, … Continue reading How Long Does Bankruptcy Last?
How To Get Debt Help If you’re struggling with debt, it can feel overwhelming. But you’ll be glad to know that you’re not alone – there are plenty of debt help options available to you. Here’s how to go about getting help managing your debt. What Is Debt Help? Debt help is available from many … Continue reading How To Get Debt Help
How Long Does Credit Repair Take? Whether you’re applying for a credit card or a home loan, bad credit often means the difference between acceptance and rejection. Negative credit scores tell lenders that you might have trouble paying them back, even if you’re confident you can afford the repayments. However, it’s not all doom and … Continue reading How Long Does Credit Repair Take?
What Are My Debt Relief Options? Are you struggling with overwhelming debt? Do you feel like you have no options left? Are you stuck and don’t know which way to turn? With Australia’s household debt to income ratio at almost 200 percent, according to the Australian Bureau of Statistics, you’re certainly not alone. While having debt … Continue reading What Are My Debt Relief Options?
To bring order to the chaos of your monthly payments, you may have come across or heard someone suggest the idea of a debt consolidation loan as a solution for debt management. But what is a debt consolidation loan? And how does it work? Are there situations in which a debt consolidation loan can work against you? What … Continue reading What Is a Debt Consolidation Loan?