Articles on Debt Consolidation

Australian Credit Card Crisis
April 09th, 2012

We Australians love the mateship, sports, helping others etc. At the other end of the spectrum what we also love is being in debt. Australians have one of the world’s highest if not the highest debt to disposable income ratio. This is getting us closer and closer to a crisis which is not visible to the common eye.

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Fix your Credit Rating
March 06th, 2012

We continue from our last article which talked about credit scoring and Credit ratings. It explains what a Credit Score is and how it helps you to save thousands of dollars in interest charges if your credit score or credit worthiness is high.

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Your Credit score
March 02nd, 2012

Changes in how credit reports look?

We live in the world of Credit Ratings otherwise named as Credit Scoring; everyone is rated for credit worthiness in this World, from Countries to individuals.

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Eligibility to do a Debt Agreement
February 06th, 2012

It is important that an individual understands his or her eligibility before doing a debt agreement. Not everyone is eligible to do a Debt Agreement. This article aims at providing a guideline on the eligibility criteria before applying for this type of agreement.

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Bad Credit & No Help: Consolidate debts through a Debt Agreement
January 05th, 2012

Debt Consolidation in itself is a loose word. It can be used at various instances. In a lay mans terms Debt Consolidation is a way where you can consolidate all your debts into one on a cheaper interest rate and terms that you are already on.

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Get out of the Pay Day Debt Trap
December 06th, 2011

In the recent years, there have been many financial reforms to make sure everyone including the lender and the borrower gets a fair go at acquiring and providing finance. One important market where the abuse on interest rate has been rife is the payday lending; interest rates can easily range from 50% to upwards of 1000%.

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Mortgage Reduction
November 25th, 2011

A Mortgage for a home for most people will be the largest debt they will incur in a lifetime. This also means that it will take the longest time to pay off and will incur the most amount of interest.

Banks and lenders will generally structure a home loan over 25 or 30 years. This makes it affordable to pay off for the “average’ person but it comes at a cost….. and that is a “lot of interest” paid to the financial institution over a person’s lifetime.

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How to Reduce Credit Card Debt

Credit cards can be a great way to purchase goods and services as it allows you to defer the payment until the credit card bill is due. Many credit card companies entice consumers with interest free periods, low introductory rates, bonus points and other rewards. However once these periods are finished these credit cards can easily turn into 30% interest rates which can double and even triple the minimum monthly payments initially required, causing you financial hardship and stress especially if you have multiple credit cards. So how do you reduce your credit card debt?

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Guide to dealing with Financial Stress

“Financial Stress” is increasingly becoming a popular term these days and not only does it occur in many homes across the nation but it often puts extreme pressure on our families and relationships without us even realizing it!

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Good Debt & Bad Debt

It is important for all us “borrowers” to understand the difference between Good and Bad Debt.

The reason we should borrow money is to purchase things that we cannot afford in one hit such as a House or a Car. Not smaller items such as a Television or even a computer. Also try to remember that buying goods that we don’t “need” on credit can often get us into trouble! And these are often the so-called Bad Debts.

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Finding a Lender

Shop around for the best debt deal.

There will come a time in your life when you’re faced with deciding whether to borrow money. You may be a student needing some funds to pay bills or buy a car or perhaps you’re considering buying a car or a home.

Debt isn’t necessarily a bad thing as long as you stay in control of your borrowings and use them for your personal gain and not for an impulse buy.

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Debt Agreement vs Bankruptcy

As most of us are aware, “Bankruptcy” has been around for many years and is a method to legally declare a person “unable to pay your creditors or debts”

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Dealing with Creditors

With recently released figures indicating that the use of credit facilities in Australia has increased, more and more people are receiving calls from their creditors regarding payments. This can be attributed to a number of factors such as recent unemployment, lack of work over holiday period or reduction in income.

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Your Credit Rating
November 23rd, 2011

We are all very “dependant” on our Credit Ratings in this day and age. Many consumers tend to borrow to fund their lifestyles and then pay it all back in instalments.

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Changes in How Credit Reports Look

We live in the world of Credit Ratings otherwise named as Credit Scoring; everyone is rated for credit worthiness in this World, from Countries to individuals.

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10 Steps to Household Budgeting

Due to the continual increase in household expenses and bills, it is Imperative that every household must have a budget.

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8 Step Savings Plan

With recently released figures from the Federal Reserve Bank showing a marked increase in credit card use for the month of September, even though the global financial crisis was in full tile, indicates that the majority of Australians have continued to use their cards regardless of fees and charges. This increase in spend has also resulted in an increase in payments on fees and charges. With future rates rises more likely than not, we here at Debt Negotiators have formulated an 8 tip guide to saving. These tips may seem simple but it would surprise you how few Australians actually have a savings plan and thus are using credit cards for not only major purchases but also to pay day to day bills.

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5 Easy Steps on Reducing Debt

With another Christmas gone and a new year having just begun, more and more people are likely to find over the coming weeks a harsh reminder of Christmas and those nasty credit card bills. With numbers showing that spending over Christmas increased to just under $40 million dollars, it is likely that some Australians are in for a rude shock with their next credit card statement arrives.

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Steps to Assist with the Interest Rate Rises
November 25th, 2010

As the whole of Australia sat down to watch the race that stops a nation a momentous change was put into place by the RBA, the announcement that they would be raising the rate by 0.25% was the first raise since the Global financial crisis hit. This raise may seem minor but will have a lasting effect on families Australia wide. No matter if you are renting or paying a mortgage you will feel the first rise in rates.

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Hard Times
May 25th, 2010

A recent survey has showed that 1 in 3 Australian families are “struggling to make ends meet”, recent research suggests.

Despite our good wages and benefits, the soaring cost of living in most urban and rural areas of Australia is costing us consumers dearly, and the only combat we have is Credit! Many of us also appear to live within our “current means” as opposed to living “below our current means” and saving for a rainy day.

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