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Top Methods of Getting Personal Loans from Private Lenders

Every individual or family may need personal loans from time to time. It may be for various reasons: their car broke down, their house needs some renovations, or their kid is planning to get married next week. Regardless of the reason, they need the money as fast as possible.

The problem is that options such as […]

By |May 7th, 2018|Categories: Personal Loans|Tags: |Comments Off on Top Methods of Getting Personal Loans from Private Lenders

Planning Out the Debt Consolidation of Your Business Loans

So, you find yourself in need of debt consolidation?

Many Australians are burdened with debts, and if you’re one of them, the idea of debt consolidation probably has crossed your mind already. This method does come with its benefits, and it can be a real life-saver if you’re mounting debts from different sources.
Why You Should Get […]

By |April 30th, 2018|Categories: Debt Consolidation|Tags: |Comments Off on Planning Out the Debt Consolidation of Your Business Loans

Breaking Down the Notion of Short Refinance

In everyday life, when you refinance, you simply exchange a pre-existing loan with another one in order to get perks like a better term and lower interest rates. However, sometimes, the lender is the one who tells you to refinance.

It is unfortunate, yes, but many people become victims of foreclosure because they cannot keep […]

By |April 23rd, 2018|Categories: Refinance/Refinancing|Tags: |Comments Off on Breaking Down the Notion of Short Refinance

Small Business Financing: Should You Consider Private Lenders?

I think we can all agree that in recent years, private lenders have picked up a lot of ground against their more well-established peers, like banks and other institutions. This is because they are a lot handier than the latter.

Moreover, one might not need to provide as much documentation to them. But anyway, the question […]

By |April 16th, 2018|Categories: Business Loans|Tags: |Comments Off on Small Business Financing: Should You Consider Private Lenders?

Fixed Low Doc Loans for your Home: Ins and Outs

If you’re in the least familiar with the financial terminology, you know that low doc loans refer to those loans that can be acquired with minimal paperwork. Because of this, they are mainly for self-employed people or entrepreneurs with small-sized businesses.

Of course, low doc loans can refer to any type of loan, from a mortgage […]

By |April 9th, 2018|Categories: Low Doc Loans|Tags: |Comments Off on Fixed Low Doc Loans for your Home: Ins and Outs

Should You Pay Off Short Term Loans Early?

Short term loans have terms of up to 18 months, but not one day more. In comparison with other types of loans, these require weekly or even daily repayments. What many people fail to understand is that the interest rate is always higher.

The lender might tell you that you’ll be having a 20% interest rate. […]

By |April 2nd, 2018|Categories: Short Term Loans||Comments Off on Should You Pay Off Short Term Loans Early?

Alternatives to Debt Consolidation

Everybody knows about debt consolidation loans. These are the handiest tools for indebted people seeking relief. However, there are more alternatives you can use as well. Debt consolidation loans are feasible but more often than not, they can turn very sour and can bury the person in even more debt when they are not careful […]

By |March 26th, 2018|Categories: Debt Consolidation||Comments Off on Alternatives to Debt Consolidation

No Guarantor Bad Credit Loans Explained

Having bad credit can be stressful. That’s because a bad credit history has immediate consequences on your financial future. It impairs your ability to get a home loan, a personal loan or any other form of credit. If you’ve defaulted on loan repayments, applied for a credit card or entered a debt agreement, all these […]

By |February 26th, 2018|Categories: Bad Credit Loans|Tags: |Comments Off on No Guarantor Bad Credit Loans Explained

No Credit Check Loans – Do or Don’t?

It has become a rule of thumb that people with bad credit cannot get traditional bank loans. We all know that banks are pretty thorough when it comes to lending money to people that have past mistakes in their records.

In this case, these people are not completely helpless. They can get no credit check loans. […]

By |February 21st, 2018|Categories: No Credit Check Loans|Tags: |Comments Off on No Credit Check Loans – Do or Don’t?

Are Short Term Loans a Good Option for Small Business Owners?

It goes without saying that a business is doomed to go under without proper funding. Small companies are even more prone to dying out, at least in the beginning, if funding isn’t injected into them.

Nowadays, entrepreneurs can enjoy all the benefits of short term business loans, money lent to them with the purpose of keeping […]

By |February 19th, 2018|Categories: Short Term Business Loans|Tags: |Comments Off on Are Short Term Loans a Good Option for Small Business Owners?

Private Lenders: An Alternative Source of Financing

Whenever Aussies need a loan to finance a new car, a new house, etc., they go to the bank. Still, they seem to forget that there are also private lenders. Why should someone consider alternative sources of financing when there are plenty of banks around?

We will discuss private lenders and the advantages of using an […]

By |February 7th, 2018|Categories: News|Tags: |Comments Off on Private Lenders: An Alternative Source of Financing

Top Downsides of Loans for People with Bad Credit

Bad credit is something that almost every Aussie struggles with at some point; the only difference is the magnitude. However, if you’re in a position where your bad credit reaches the lowest of points, then you may be affected more than you can imagine – especially if you are considering another loan.

There are several lenders […]

By |February 5th, 2018|Categories: Bad Credit Loans|Tags: |Comments Off on Top Downsides of Loans for People with Bad Credit

How to Find Creditors of Quick Loans Online

When finances are tight, sometimes the best way to get out of a pinch is opting for some quick loans online. The Internet is very convenient this way; you don’t have to stand in long, uncomfortable lines to apply, and everything is just a click of the mouse away. All you’ll have to make sure […]

By |January 29th, 2018|Categories: Personal Loans|Tags: |Comments Off on How to Find Creditors of Quick Loans Online

Unsecured Loans: Godsend or Nemeses?

Lending products fall into two quintessential categories: secured and unsecured loans. Today, we will talk about unsecured loans, the pros and cons to choosing one, and the situations in which they are likely to be the best options for you. Let’s get started!

Presenting Unsecured Loans

An unsecured loan is both issued and supported by a borrower’s […]

By |January 22nd, 2018|Categories: Personal Loans|Tags: |Comments Off on Unsecured Loans: Godsend or Nemeses?

Best Ways to Use Short Term Loans for Consolidation

Short term loans are becoming more and more popular nowadays for an obvious reason: no one likes to drag on their payments. They want to get it over with as quickly as possible to be debt-free and considering that the application process is so smooth, this option is fairly convenient.

Moreover, these loans are great for […]

By |January 17th, 2018|Categories: Short Term Loans|Tags: |Comments Off on Best Ways to Use Short Term Loans for Consolidation

The Pros and Cons of Dealing with Private Lenders

Selecting the right lender isn’t an easy task. It might seem tempting to think that all are reliable, properly funded and legit. But can you be sure of that?

There are some things you would expect of a reliable lender that should give you the confidence and reassurance that you’re collaborating with a responsible organisation. Apart […]

By |January 15th, 2018|Categories: News|Tags: |Comments Off on The Pros and Cons of Dealing with Private Lenders

Low Doc Loans Q&A

In the recent years, more and more Aussies have relied on low doc loans to get some needed money more or less effortlessly. However, a good chunk of the population is not in the least familiar with what low doc loans are, in the first place.

In their ears, this name sounds like some illicit product […]

By |January 3rd, 2018|Categories: Low Doc Loans|Tags: |Comments Off on Low Doc Loans Q&A

Why Is Debt Consolidation Better than Bankruptcy?

When you have a lot of debts with different interest rates, the first thing you will think of is debt consolidation. However, there are certain situations when debt consolidation doesn’t make the cut and other options seem more feasible. Is bankruptcy one of them?

We will compare two financial services – debt consolidation and bankruptcy – […]

By |January 1st, 2018|Categories: Debt Consolidation|Tags: |Comments Off on Why Is Debt Consolidation Better than Bankruptcy?

Can Personal Loans Be Consolidated?

Did it ever occur to you that personal loans could be consolidated? Today, we will talk about something that your creditors don’t want you to know on the topic of the consolidation loan.

We’ll start with the basics. Debt consolidation authorises you to combine your existing loans into a sole one. For the most part, it […]

By |December 27th, 2017|Categories: Personal Loans|Tags: |Comments Off on Can Personal Loans Be Consolidated?

Should You Invest in spite of Your Credit Card Debt?

Investing enables you to expand your finances. If you leave your money in a bank, it won’t do anything for you except gain you miniscule interest on your savings account. However, investing your money while having credit card debt isn’t necessarily the best decision either.Why is that? Simply put: the interest rate on most credit […]

By |December 13th, 2017|Categories: Credit Card Consolidation|Tags: |Comments Off on Should You Invest in spite of Your Credit Card Debt?

Top Tips for Buying Property at an Auction

Auctions represent a great way to get the home of your dreams. If you’re lucky, you may even score a great price for it. However, if you aren’t exactly experienced in buying a house at an auction, this may turn into a roller coaster ride of hell that you’ll just wish you never got on […]

By |December 11th, 2017|Categories: Home Loans|Tags: |Comments Off on Top Tips for Buying Property at an Auction

Differences between Internal and External Refinancing

Without a doubt, refinancing can bring a range of benefits that enable you to repay your house loan on more favourable terms. Nevertheless, although we know the theory, sometimes it can be difficult to pinpoint whether a financial solution is the right one for us.

That being said, today we will have a look at internal […]

By |December 6th, 2017|Categories: Refinance/Refinancing|Tags: |Comments Off on Differences between Internal and External Refinancing

What to Choose: Debt Consolidation or Refinancing?

Debt consolidation vs. refinancing is an old skirmish on which people do not seem to have reached any consensus. Should I get a debt consolidation or should I refinance? The answers can differ according to what situation you are in.

First of all, refinancing and debt consolidation are two distinct notions with different outcomes, obviously. There […]

By |December 4th, 2017|Categories: Debt Consolidation|Tags: |Comments Off on What to Choose: Debt Consolidation or Refinancing?

Will Debt Consolidation Put an End to Your Financial Problems?

In recent years, debt consolidation has been discussed on all sides by people in debt. On one hand, it is seen as the perfect solution to dissolving debt quicker. On the other hand, it is regarded as something one should do only as a last resort.

The question on everybody’s lips is: does debt consolidation really […]

By |November 29th, 2017|Categories: Debt Consolidation|Tags: |Comments Off on Will Debt Consolidation Put an End to Your Financial Problems?

Top Business Bad Credit Loans

If you have bad credit, you might feel discouraged, especially if you want to start a business. Whether you intend to establish a start-up or you need financing to keep your business running, you should know that there are some alternatives you should consider if you’re struggling with bad credit.

The good thing is that, in […]

By |November 27th, 2017|Categories: Business Loans|Tags: |Comments Off on Top Business Bad Credit Loans

What’s the Deal with Short Term Loans for Your Business?

As a business owner, you’ll often find yourself in need of financing. Depending on your needs and circumstances, you could choose from short, intermediate or long term loans.

In today’s post, we will discuss short term loans, the instances in which they should be used, and the terms you have to meet to qualify for them. […]

By |November 22nd, 2017|Categories: Short Term Business Loans|Tags: |Comments Off on What’s the Deal with Short Term Loans for Your Business?

Business Loans: How to Get One without Collateral

Business loans enable entrepreneurs to cope with their financial obligations. This makes them indispensable. Notwithstanding, in many circumstances, lenders might require business owners to place a property as collateral. Regrettably, not everyone is in the position to do so.

The good news is that entrepreneurs could still apply for a business loan without the need to […]

By |November 20th, 2017|Categories: Business Loans|Tags: |Comments Off on Business Loans: How to Get One without Collateral

Does a Car Loan Influence a Mortgage Application?

A car loan can help you a lot if you plan to get your next car faster. However, a car loan can affect your mortgage application or other types of significant loans. If you are planning to buy an expensive car, this means that you will require a large loan. That car loan can impair […]

By |November 15th, 2017|Categories: Mortgage|Tags: |Comments Off on Does a Car Loan Influence a Mortgage Application?

Bad Credit History? Get a Loan that Doesn’t Require a Credit Check

Bad credit can make it difficult or even impossible for someone to get a loan until the defaults and all the bad listings have been cleared off. However, there are situations in which you can’t afford to wait that long. Why is that?

Put yourself in a lender’s position: would you lend money to someone that […]

By |November 13th, 2017|Categories: No Credit Check Loans|Tags: |Comments Off on Bad Credit History? Get a Loan that Doesn’t Require a Credit Check

Why Should You Consider Getting a Short Term Loan?

Short term loans are there whenever you need a small sum of money for your emergencies. It is a great thing to know that if something unexpected happens and you don’t have the cash, you can rely on a lender to help you out of a tricky situation. This kind of loan is becoming more […]

By |November 8th, 2017|Categories: Short Term Loans|Tags: |Comments Off on Why Should You Consider Getting a Short Term Loan?

What Can You Do if Your Debt Consolidation Application Is Declined?

Debt consolidation can help us out of an unpleasant financial situation. Even so, we rely too much on these types of financial services to get back on our feet and rarely do we learn our lesson.

But what happens if your request for debt consolidation is denied?

It can be a nightmare for your finances and can […]

By |October 23rd, 2017|Categories: Debt Consolidation|Tags: |Comments Off on What Can You Do if Your Debt Consolidation Application Is Declined?

Low Doc Loans – A Solution for the Self-Employed

Low doc loans can offer a quick financial fix for your problems without having to go through all the bureaucracy required by other loans. At a price, of course.

As the name suggests, low doc loans don’t require too many documents. This can come in handy especially if you are self-employed and need to present more […]

By |October 18th, 2017|Categories: Low Doc Loans|Tags: |Comments Off on Low Doc Loans – A Solution for the Self-Employed

Debt Reduction: How to Stop Spending Impulsively

If you are in debt, the simple fact that you’re indebted should be enough of a reason to start being thrifty. But it’s easier said than done. There are many debt reduction tips out there, but few of them actually tell you to get rid of your wasteful lifestyle.

Our debt reduction tips are focused precisely […]

By |September 25th, 2017|Categories: Debt Management||Comments Off on Debt Reduction: How to Stop Spending Impulsively

Paying Off Your Debt – The Wrong Ways to Do It

Being in debt can be stressful, no one denies that. And the pressure can place you in a range of challenging positions, forcing you to cave in and make the wrong financial decisions. Embracing the right ways to pay off your debt is more than mandatory.

But how do you know which are those? Well, you […]

By |September 18th, 2017|Categories: Debt Management||Comments Off on Paying Off Your Debt – The Wrong Ways to Do It

Who Can Offer Consolidation Loans?

A debt consolidation loan includes all your existing debt, incorporating a single bill with a new interest rate. The ultimate purpose of consolidation loans is to diminish the numbers of bills you pay on a monthly basis and decrease the total amount of interest rate on your financial obligations.

You choose between secured and unsecured consolidation […]

By |September 11th, 2017|Categories: News||Comments Off on Who Can Offer Consolidation Loans?

When Is a Debt Consolidation Loan Feasible?

Debt consolidation loans are meant to pack multiple small loans into one that is more manageable. It is one of the most common forms of debt relief. However, not many people seem to know when debt consolidations loans are feasible.

There are some things you must take into consideration when you’re tempted to amass your loans […]

By |September 4th, 2017|Categories: Debt Consolidation||Comments Off on When Is a Debt Consolidation Loan Feasible?

The Reality of Mortgage Repayments

In spite of the loan solution you carefully select, you should comprehend the way in which a loan works, and what it implies. This is the first step to making the right decision that would fit your financial status.

Understanding Interest

Recently, Australians have benefited from low and attractive interest rates. So, how does this influence your […]

By |August 28th, 2017|Categories: Mortgage||Comments Off on The Reality of Mortgage Repayments

Should I Consolidate My Debt to Pay Off My Credit Cards?

Debt consolidation helps you combine all your interest rates and multiple debts into one loan that can be set at a lower rate. In other words, you take a new personal loan that comes with one interest rate and one regular repayment.

Example
Let’s say you own four credit cards, each with a different debt between two […]

By |August 21st, 2017|Categories: Debt Consolidation||Comments Off on Should I Consolidate My Debt to Pay Off My Credit Cards?

Tips for Erasing Debt

Feeling discouraged and overwhelmed by debt is a feeling that many Australians experience. And things don’t get by any chance easier when you want to make dead end meet, and your income is limited. Unfortunately, there’s always the temptation of agreeing to high-interest loans, assuming that it’s a temporary solution. But, in the long term, […]

By |August 7th, 2017|Categories: Debt Management||Comments Off on Tips for Erasing Debt

Mortgage Broker vs. Banks: Which Is Better?

The verdict of a mortgage broker vs. banks contest may seem difficult to assess at first glance. Both can help you with good rates on your home loan, but there are some things they do differently. Maybe, after all, you’ll be the one to say who the winner is in the mortgage broker vs. banks […]

By |August 4th, 2017|Categories: News||Comments Off on Mortgage Broker vs. Banks: Which Is Better?

Does Bad Credit Affect My Chances of Getting a Consolidation Loan?

Many Australians confront with bad credit, according to official data. If you feel troubled by bad rating as well and you’re looking for a viable solution, debt consolidation could be the answer.

Contrary to popular belief, bad credit isn’t a fundamental impediment that would deter you from getting financial relief. Even though most lenders demand a […]

By |July 31st, 2017|Categories: Debt Consolidation||Comments Off on Does Bad Credit Affect My Chances of Getting a Consolidation Loan?

Consolidation Loans: Risks and Benefits

Every Aussie who has coped with debt will agree on this: it can be an emotionally taxing experience. Whether you have an unpaid medical bill, high credit card balances, a mortgage and many other loans, your financial responsibilities can obstruct your capability of living a balanced life. If you feel that you are sinking in […]

By |July 24th, 2017|Categories: Debt Consolidation||Comments Off on Consolidation Loans: Risks and Benefits

Land of the “Fair Go” Now a “No Go”

Income Inequality in Australia
Australia has always been a country that has been considered egalitarian by the rest of the world, a place where all citizens had a ‘Fair Go’ at the Australian Dream, – that is, until recently. Australia has suffered a shift in income equality that has created a sizeable gap between the rich […]

By |September 5th, 2016|Categories: First Home Buyer, News|Tags: , , , , , |Comments Off on Land of the “Fair Go” Now a “No Go”

The Rise of the Six-Figure Granny Flat

In a time of rising rents and housing prices, Australia is experiencing a boom in the construction of Granny flats in a state wide quest to house occupants of all ages from teenagers to middle aged single parents to visiting travellers. Home owners with ample backyards are tapping into this trend whether it be to […]

By |August 8th, 2016|Categories: News|Tags: , , , , , |Comments Off on The Rise of the Six-Figure Granny Flat

Total Recall: Do you know your consumer rights?

Australia wide reports of weary consumers experiencing Total Recall on a Groundhog Day scale continue pouring in as consumer product safety recalls show little sign of ceasing according to the latest ACCC results announced yesterday. “Recalls have been trending up every year for the last five years” commented Ms Delia Rickard the ACCC Deputy Chair, […]

By |August 2nd, 2016|Categories: Debt Consolidation, News|Tags: , , , , , |Comments Off on Total Recall: Do you know your consumer rights?

AUSTRALIAN DOLLAR PREDICTED TO TRUMP GREENBACK BY EARLY 2017

Steen Jakobsen, forecaster & chief economist at SAXO, one of the foremost leading Danish Banking Institutions, has made the bold though welcome if not cheerful prediction that the Australian Dollar could ride the 2016 last quarter on the back of a Donald Trump victory parade conceivably matching the U.S dollar cent for cent within 6-12 […]

By |July 28th, 2016|Categories: News|Tags: , , , , |Comments Off on AUSTRALIAN DOLLAR PREDICTED TO TRUMP GREENBACK BY EARLY 2017

BREXIT STRATEGY: The Rise and Fall of the Sterling

“A positive day for the Australian dollar versus the pound” says Mr. Dayle Littlejohn, a senior trader with Foreign Currency Direct UK office, amidst fiscal uncertainties following the unceremonious ‘Brexit’ from the European Union. The infamous June 24th decision shaving US$2.1 trillion from global world stocks thus sending the Sterling crashing to a 31-yr record low value of […]

By |July 13th, 2016|Categories: News|Tags: , , , , , , |Comments Off on BREXIT STRATEGY: The Rise and Fall of the Sterling

Debt Consolidation Bad Credit Loans

Unfortunately, many Australians who are overwhelmed by their debts can find themselves missing some of their monthly payments. This is a difficult situation that can lead to an individual building a bad credit rating. This bad situation has the tragic potential of spiraling out of control; you may need more money to be able to […]

By |August 22nd, 2014|Categories: Debt Consolidation|Tags: , , , , , |Comments Off on Debt Consolidation Bad Credit Loans

Benefits of Second Mortgages

How do Second Mortgages Work?
Many people are familiar with the idea of a first mortgage on a property. The idea is fairly straight forward. You take out a loan which is secured by a particular property. It serves as collateral which reduces the risk for the creditor and makes it more likely that the property owner will get the loan. However, fewer people are familiar with the idea of a second mortgage. This is unfortunate because this type of financial agreement can offer some real benefits.

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By |July 21st, 2014|Categories: Home Loans|Tags: , , , |Comments Off on Benefits of Second Mortgages

What is Bitcoin?

Understanding Bitcoin
More and more Australians are becoming aware of something called “Bitcoin”, even though many of them aren’t quite sure what it is. Although a recent phenomenon, Bitcoin has already managed to capture the imaginations of many people from different backgrounds and from all walks of life. Bitcoin is somewhat a form of currency. It’s like currency in the sense that you can use it to buy goods or services at establishments which honor Bitcoin. In the past, there were not many companies which would be willing to accept it as a form of payment. However with each passing month, it seems that more websites are announcing that they are willing to receive it as payment. […]

By |July 14th, 2014|Categories: News|Tags: , , , , , |Comments Off on What is Bitcoin?

Making Sense of Australia’s Comprehensive Credit Reporting

Understanding Bad Credit with Australia’s new Comprehensive Credit Reporting
Australia’s new comprehensive credit reporting system came into effect from March 12 this year and has changed the manner in which some lenders look at risks when accepting new clients. […]

By |July 7th, 2014|Categories: Financial Planning|Tags: , , , , , , , , |Comments Off on Making Sense of Australia’s Comprehensive Credit Reporting

Good Resolutions You Should Know About with the New Financial Year

Good Resolutions You Should Know About with the New Financial Year
You may agree that New Year resolutions tend to be very difficult to keep. As the months of the year move on, you may realise that you have already failed in keeping those. More difficulty comes with the financial aspect. It could be very hard to keep the resolve not to overspend or not to make bad financial decisions.

Fortunately for all of us, the new financial year comes to bring a second chance. If you faltered in your New Year resolutions especially those involving personal finance, you may still do better and catch up in the new financial year.

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By |July 30th, 2013|Categories: Financial Planning|Tags: , , , |Comments Off on Good Resolutions You Should Know About with the New Financial Year

Tax strategies for investment property and business expenses

Tax strategies for investment property and business expenses
The tax season is undoubtedly a stressful time for most of us. That is why we always hear advices from the experts to start planning ahead of the taxation deadlines to avoid any hassle. Early preparations can also help assure that we take possible advantages of all possible tax deductions that we can avail of.

Are you aware that there are possible tax deductions from investments in properties? Of course, it is a common knowledge that those deductions abound for business owners as well. Here are simple tips that can be of guidance for all us prior to the tax season for the next year and for the coming years to come.

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By |June 23rd, 2013|Categories: Business Loans, Tax Debt Loans & Relief|Tags: , , , , |Comments Off on Tax strategies for investment property and business expenses

Top money saving tips with a financial planning strategy

If you are trying to save money, then you won’t be short of advice on how to go about it.

The Internet and various conventional publications are overflowing with well-intentioned wisdoms.  Many of those ideas are perfectly credible and even laudable but unless you’re either very experienced in financial management or psychic, you may struggle to make sense if at all.

That’s because some elements of that advice are going to be in conflict with each other and it’s also fair to say that great chunks of it may not be particularly pertinent to your individual circumstances.

However, don’t give up!  The answer is what’s called a financial planning strategy and here are some top tips about how to go about putting one together. […]

By |May 30th, 2013|Categories: Financial Planning|Tags: , , |Comments Off on Top money saving tips with a financial planning strategy

Top 5 Business Growth Strategies

Top 5 Business Growth Strategies
All the huge companies we have today have started as small businesses. Those can be a proof that with effective growth strategies, small ventures could really expand. Expansion could be a really great challenge but if businesses could deal with it more effectively, it could be the right ticket to success.

Here are five recommended growth strategies that could be helpful when adopted by small and even large businesses. Your business might implement some or all of these approaches to ensure growth.

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By |April 22nd, 2013|Categories: Business Consolidation Loans, Business Loans|Tags: , , , |Comments Off on Top 5 Business Growth Strategies

Short Term Loans vs. Credit Cards: Pros and Cons

Short Term Loans vs. Credit Cards
Are you running short of cash? If you know how to make ends meet, you surely would find ways to overcome it without getting any debt. But if the need for money is drastic and necessary, you may not have any other choice but to apply for financing. For sudden and emergency needs, you may consider two logical and reliable options: short term loans and credit cards. Which of the two should you choose? Let’s weigh their pros and cons. […]

By |March 11th, 2013|Categories: Short Term Loans|Tags: , , , |Comments Off on Short Term Loans vs. Credit Cards: Pros and Cons

4 Reasons Why the Australian Reserve Bank has not Cut Interest Rates Last Time

Australian Reserve Bank has not Cut Interest Rates
The Reserve Bank of Australia (RBA) has slashed interest rates to 3%, a record low, in November 2011. For the last 15 months, it has refused to increase or further cut it. The central bank has decided to leave the rates unchanged during its first policy meeting for this year, which was held in the first week of February. As it seems, the monetary policy of the country keeps the mode on a wait-and-see program.

Interest rates were last trimmed down to help spur possible growth after the then decade-long mining boom had indicated clear signs of losing its momentum. The economy somehow slowed in the entire 2012 because export demand for raw materials coming from the country eased.

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By |February 27th, 2013|Categories: Interest Rates|Tags: , , , , |Comments Off on 4 Reasons Why the Australian Reserve Bank has not Cut Interest Rates Last Time

Should I Consider Debt Consolidation?

Consider Debt Consolidation?
A lot of consumers are confused about debt consolidation. Most assume that debt consolidation is only necessary when you’re living pay cheque to pay cheque or you’re facing bankruptcy. The fact of the matter is that anyone can benefit from debt consolidation and they don’t have to be underwater to do so. In fact, taking advantage of debt consolidation before your bills get out of hand can actually prevent further damage to your credit file.
What is Debt Consolidation?
Debt consolidation combines multiple loans and credit cards into a single loan and payment. You do so by applying for a new loan through a debt consolidation specialist and using that loan to pay off your current debts. Then, you repay the single loan to the lender.

Not all debts can be consolidated. Debt consolidation loans are meant for credit cards, some medical expenses, store credit cards and personal loans. Your home loan or business loan cannot be placed into debt consolidation. […]

By |February 14th, 2013|Categories: Debt Consolidation|Tags: , , , , |Comments Off on Should I Consider Debt Consolidation?

What is the Impact of Becoming Bankrupt?

Bankruptcy does not last forever. Usually, its protection lasts only a year. During the period, the individual’s financial affairs will be put under restriction. That means there are certain privileges that the bankrupt person may not possibly enjoy even after bankruptcy has been lifted.

Furthermore, being bankrupt is not a guarantee that a person will be totally free from any financial obligation. In many cases, the individual is still required to pay a certain amount to repay debts from creditors following an assessment of current inflow and outflow of income. The repayment scheme under bankruptcy may continue even after the individual is discharged from the provision.

Needless to say, bankruptcy brings about serious implications. Its impact can never be underestimated and overlooked. Aside from the embarrassment and eroded self esteem, an individual can face the greatest setback in his financial aspect. […]

By |October 31st, 2012|Categories: Debt Management|Tags: , , , , , , |Comments Off on What is the Impact of Becoming Bankrupt?

4 Things to Do to Avoid Defaulting on Your Mortgage Repayment

If you have a current mortgage and you suddenly lost your job or your source of income, you surely are in trouble. Aside from making ends meet for your daily necessities, you have to find ways to continue repaying your home loan. That will be a big challenge especially if you are certain you cannot afford to shoulder your monthly mortgage repayment anymore.

It is a must to avoid falling into a default. Aside from possibly being evicted from your own home, you will not like its long-term effect on your credit history. Try to prevent it from happening. Here are four effective ways to do so. […]

By |October 16th, 2012|Categories: Home Loans|Tags: , , , , |Comments Off on 4 Things to Do to Avoid Defaulting on Your Mortgage Repayment

Having a Financial Plan vs. Day to Day Approach

In a month, your income may or may not be fixed. But your basic expenses can be constant. To many people, a financial plan is necessary. It can serve as a guide on how an individual can spend and manage his resources. Not all people realise the advantage of having a working financial plan, though. There are those who prefer to spend without planning and handle their money on a daily approach.

Money management logically does not naturally or easily come to everyone. A financial plan will always be helpful whether you have tremendous or little experience with managing and handling wealth. Financial planning can generate numerous advantages that can cover different aspects of your life. […]

By |September 28th, 2012|Categories: Financial Planning|Tags: , , |Comments Off on Having a Financial Plan vs. Day to Day Approach

5 Ways to Increase Your Chance to Get a Loan Approved if You have Bad Credit

It will surely be more difficult for you to obtain a loan if you are suffering from bad credit. As you explore your options, you will realise that your choices are limited. Borrowing can also get more expensive. Do you need to get a loan? Do your homework and start searching for bad credit loan products.
These days, it can still be possible for people with poor credit to get approval for their loan applications. Here are five ways that can help you increase your chance of obtaining a loan approval despite your poor credit score.
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By |August 6th, 2012|Categories: Bad Credit Loans|Tags: , , , , , , |Comments Off on 5 Ways to Increase Your Chance to Get a Loan Approved if You have Bad Credit

How Can Financial Distress Impact Your Health

The stress caused by the economic downturns and financial shortcomings can literally make you sick. This is quite logical. In the recent global economic downturn, many evidences were recorded linking financial distress to various health conditions. That link is not surprising.

In 2005, a research was conducted in the US to identify possible health implications of financial distress. That study explored specific health effects that are often and logically associated with financial problems. It surveyed random individuals from across the country.

The results showed that there are various perceived possible effects of financial stress on both physical and mental health. Financial problems and poor health are associated. Stress is the main health impact of job loss, piling debts, loan defaults, and budget shortages. From there, many other health conditions can possibly ensue. […]

By |June 27th, 2012|Categories: Financial Planning|Tags: , , , , , |Comments Off on How Can Financial Distress Impact Your Health

7 Things which Contribute to Interest Rate Cuts

Interest rate is the amount charged by lenders or loan providers against the borrowed money of consumers/borrowers. As a consumer, you probably are always monitoring it. When rates are low, it can be ideal to apply for and obtain loans. It is the time when borrowing will not be that expensive.
Interest rates usually go up, especially these days when global economies and finances turn volatile. But at times, governments and central banks also cut such rates. Here are seven factors that usually lead to reduced or lowered borrowing rates. […]

By |May 23rd, 2012|Categories: Interest Rates|Tags: , |Comments Off on 7 Things which Contribute to Interest Rate Cuts

How a Bridging Loan can Help You Secure the Property of Your Dreams

A bridging loan is a temporary loan that is intended to ‘bridge the gap’ that could exist when a homeowner is still selling his house and when he is set to take another mortgage. In other words, when a homebuyer is purchasing a new home before completely selling his current house, the bridge loan can be a source of cash needed to pay the down payment of the new home purchase.

Bridging loans are supposed to use the buyer’s existing house as security. The facility can provide sufficient amount of money to fund the down payment, which is a requirement to buy and relocate to the new move-up home. There is doubt that a bridging loan can help you finally buy your dream house.
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By |May 3rd, 2012|Categories: Bridging Finance|Tags: , , , , |Comments Off on How a Bridging Loan can Help You Secure the Property of Your Dreams

How to Financially Deal with a Job Loss

With the previous spates of job layoffs amid the economic crisis, everyone logically feels nervous about possibly getting in debt and running out of cash. These are interesting times and all of us should focus just on the positive. Stay productive and resourceful especially when dealing with your finances.

Job loss could be inevitable. No one could be spared once the financial crisis bites on companies. That is why you should be prepared for the unexpected. It is important to know how to cope with a possible crisis. You could cope with the loss of your income if you would observe the following tips. […]

By |April 4th, 2012|Categories: Financial Planning|Tags: , , |Comments Off on How to Financially Deal with a Job Loss

5 Ways to Leverage Your Home Equity

Tapping a home equity is now more natural just like mowing the lawn. If you are a homeowner and you want to maximise your ownership of your property, you should realise that there are more than enough reasons to finally cash in on your home equity. You may use the money to get into viable financial activities that you surely would benefit from in the future.
Leveraging could be risky but only if you would use it to get into deeper financial pitfalls. You could possibly avoid any risk of leveraging your home equity by using it to increase or boost your personal wealth. Here are some suggestions on how you could effectively and successfully leverage your home equity.
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By |March 20th, 2012|Categories: Home Loans|Tags: , , , |Comments Off on 5 Ways to Leverage Your Home Equity

Dealing with Retirement Debt

To many of us, retirement is the time when we would just have to sit back, relax, and enjoy the fruits of our hard labor. It is ideal that when retirement age comes, you should just be living comfortably in your retirement house, not thinking of any stress.

But things could be complicated along the way. Before you know it, you could already have accumulated too much debt in your pre-retirement years. By the time you retire, you could still be servicing some or most of those debts. So how should you deal with debt when you get to your retirement age? Here are some ideas.
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By |February 15th, 2012|Categories: Debt Management|Tags: , , , |Comments Off on Dealing with Retirement Debt

4 Ways to Deal with Home Loan in Arrears

Have you been struggling to pay your home loan? If you have been building up your debt, you may have possibly missed out on one or several monthly payments. Or you may have been paying smaller amount than the minimum payment amount required. Thus, you may have to deal with home loan in arrears. How to deal with this problem? Here are four effective ways. […]

By |February 2nd, 2012|Categories: Home Loans|Tags: , , , |Comments Off on 4 Ways to Deal with Home Loan in Arrears

5 Personal Finance Resolutions

Your personal finance may not have run well in 2011. That is why you must be looking forward to make 2012 a better one financially. You may not have to rely on luck. You could actually make a difference on your own if you would be more determined and disciplined.
Now could be the best time to make your finance resolutions. Take your time and assess your personal finance in 2011. For sure, there are many aspects that need improvement. You could make resolutions and intend to make you personal finance better not just in 2012 but also in the many years that would follow. Here are top 5 of those finance resolutions you should have on your list.

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By |January 10th, 2012|Categories: Financial Planning, Personal Loans|Tags: , , |Comments Off on 5 Personal Finance Resolutions

5 Rules to Avoid a Bad Credit Score

These days, no one could be immune to possible bad credit. Many people are incurring either a job loss or a reduced income. Some just could not control their personal finances effectively. A bad credit score has become very common especially now that many consumers find difficulty in meeting financial obligations.
No one wants to incur bad credit. That is for sure. Getting a poor credit rating is like a curse. It could mean many other problems and difficulties. Bad credit could be a passport to higher interest rates and discrimination from banks and other financial institutions. Fortunately, incurring bad credit could be avoided. Here are five rules you could observe to do so. […]

By |November 30th, 2011|Categories: Financial Planning|Tags: , , , , |Comments Off on 5 Rules to Avoid a Bad Credit Score

Christmas Shopping – Common Spending Habits

Christmas is undoubtedly a season for shopping. The spirit of the occasion is indeed in gift-giving. You may have to shop for all the presents you intend to give away. At the same time, you may want to shop for yourself and for your household.

It is not surprising that many consumers tend to overspend during Christmas shopping. That is because malls and retailers are doing their best to entice you to spend. Your shopping mood could be set on fire by the festive decorations. The special markdown sales and new items on the display could further persuade you to buy until you drop.

Are you ready to once again hear the cash register ring for your Christmas shopping? There are many tips you should first look at and observe. Here is a simple and practical list of the do’s and the don’ts when shopping for the season.

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By |November 23rd, 2011|Categories: Personal Loans, Short Term Loans|Tags: , , , |Comments Off on Christmas Shopping – Common Spending Habits

Calculating your Net Worth

Your net worth could be an effective indicator of your financial condition. It could measure your annual progress financially. In general, the net worth is the overall sum of all your current assets or properties minus the sum of all your liabilities. This way, you could instantly and clearly see if your assets are still bigger compared to your liabilities, which is the ideal scenario.

Calculate your net worth to determine your current personal financial performance. Do not worry if you think you would obtain a negative figure. Instead, be positive about it and set effective goals to emerge out from the situation. It would surely be helpful and more advantageous if you knew your present financial condition. Furthermore, computing net worth is not as difficult as you think it is. […]

By |October 24th, 2011|Categories: Financial Planning|Tags: , , , |Comments Off on Calculating your Net Worth

Tips to Avoid Debt this Christmas

Every year the Christmas holidays could be considered as the most expensive shopping season. That is because consumers usually spend so much during this period as giving gifts has been synonymous to the spirit of the season all across the globe. Of course, buying presents come with specific price tags.

Are you ready to once again spend a fortune this Christmas? You do not have to, if you would be more frugal to manage your money this holiday season. Do not spend way beyond your budget set for Christmas shopping. Otherwise, you may end up accumulating more debt that you would take care to repay months after the season. Here are five ideas on how to manage your money this Christmas holiday season so you would not end up being in debt. […]

By |October 14th, 2011|Categories: Debt Management|Tags: , , , , |Comments Off on Tips to Avoid Debt this Christmas

Australian Economy is Growing – Interest Rate Impact

The Australian economy grew 1.2% in the second quarter of fiscal year 2011. That growth exceeded expectations of a 1% economic expansion. This surprised numerous economic analysts and market observers, who mostly predicted a slower growth in the period. According to some experts, the economic boost could be attributed to stronger performance of several sectors aside from mining, which for quite some time has been solely driving growth of national economy.

Investors look at this news as an additional positive development. A better performing Australian economy could translate to better profitability. Most company shares in the market have been rising following the announcement of the better-than-expected economic growth. The local currency is also gaining strength against the dollar, which is ideal for many businesses, especially those that require importation of raw materials. But what is the impact of this news to consumers, particularly to the interest rates? […]

By |September 24th, 2011|Categories: Interest Rates|Tags: , , , |Comments Off on Australian Economy is Growing – Interest Rate Impact

5 Useful Tips to Reduce Business Tax

During tax season, it is quite normal to see business owners get drowned by numerous paper requirements. This is the time when most companies start considering and reviewing every possible entitlement or eligibility for any potential claim. When business taxes are prepared, most firms aim to lower tax payables so that profits will be bolstered.
Beware! Tax collectors are now more stringent when it comes to cracking down on tax evaders. Those companies with offshore assets or accounts are particularly advised to be more vigilant. If you think your business has activities or projects that may be considered illegitimate, you should immediately seek advice from the Australian Tax Office (ATO). […]

By |August 31st, 2011|Categories: Tax Debt Loans & Relief|Tags: , , , , , |Comments Off on 5 Useful Tips to Reduce Business Tax

Australia’s Credit Card Debt – What to Know

Australian consumers are now more cautious about their spending. They are now more inclined to increase their savings and clean up their credit card debts. This observation is according to financial experts from Bendigo & Adelaide Bank. They added that local households are now aiming to put their finances in better order due to the uncertainty about global economy especially after recent reports about credit woes in the US.
Australia’s credit card debt is proving to be interesting and conflicting.
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By |August 19th, 2011|Categories: Credit Card Consolidation|Tags: , , , , , |Comments Off on Australia’s Credit Card Debt – What to Know

How to Avoid a Default

It is a mortal sin for every loan borrower to fall into a default. That is because doing so would lead to bigger trouble. If you default on a loan, your loan provider may take various types of action, which might all be disadvantageous to you. First, you may face the burden of litigation. Second, you may be imposed with more penalties. Third, your collateral might be repossessed. And lastly, your credit history would surely be eroded. […]

By |August 6th, 2011|Categories: Debt Management|Tags: , , , , , , |Comments Off on How to Avoid a Default

Top 5 Ways to Save for a Home Deposit

House prices logically increase every year. It is not surprising that it gets more difficult for first time homebuyers to finally buy and own their own dwellings. If you are considering buying your own house for the first time, you should not despair. If you would be more strategic, you could surely find creative ways to save for the major purchase. […]

By |August 6th, 2011|Categories: First Home Buyer|Tags: , , , |Comments Off on Top 5 Ways to Save for a Home Deposit

Australian Household Debt Increasing

According to the latest household debt information from the Australian Bureau of Statistics, average debt for each household is now at $50,500. It is up to 34% higher compared to the household debt average on the preceding report. This clearly indicates that household debt across the country continues to rise.

It is sad to note that debt has now become a part of living. Needless to say, it contributes to daily stress in the lives of numerous Australians. It even affects overall health and happiness. To be able to fully understand rising household debt so that proper strategies could be employed to control it, there is a need to analyse the possible causes. […]

By |July 29th, 2011|Categories: Debt Management|Tags: , , , |Comments Off on Australian Household Debt Increasing

Is It a Good Time to Buy Property in Australia?

The Australian property market is not expected to drop, but it is projected to remain steady all throughout this year (2011). Price tags are set to remain within their current levels but would more likely grow moderately in the next two years. This is the unanimous forecast of numerous industry analysts and observers in the country.

Housing market experts note that local property prices could remain flat or slightly rise within the coming months. However, they assert that homebuyers need not worry. Price increases across the country are still low when compared to housing costs in most other developed countries. Thus, it is still the best time to find and buy Australian properties. […]

By |June 29th, 2011|Categories: Home Loans|Tags: , , , , , , |Comments Off on Is It a Good Time to Buy Property in Australia?

Affordable Homes in Australia

A recent property report has shown that home affordability is better now than a year ago. The Housing Industry Association and Commonwealth Bank First Home Buyer Affordability index was 41% higher than in the corresponding period a year ago.
However the dream of home ownership has become tougher over the past couple of months with the index declining by 5.1% to 152.5 points in the June quarter from 161 index points in the March quarter. […]

By |May 24th, 2011|Categories: Home Loans|Tags: , , , |Comments Off on Affordable Homes in Australia

Home Loans for Property Investors

The stock market is becoming increasingly volatile. Investing in shares has always been precarious, however today’s headlines indicated the heightened risks. That is why many smart investors are turning back to bricks and mortar, focusing on real estate property.
Investing money in real estate requires a certain level of skill and knowledge.   […]

By |May 24th, 2011|Categories: Investment Property Loans|Tags: , , |Comments Off on Home Loans for Property Investors

First Mortgages No Longer for the Young

More Australians are buying houses later in their lives.
As a new mortgage survey suggests, a new social trend is emerging in the mortgage market. The survey found, “37% people looking to purchase their first home in the next five years will be over the age of 40”, jumping 28% from last year.

This new trend signifies a shift in the way people are using and spending their money. With the current climate of inflation and rising living costs, people can no longer afford to fund mortgage repayments earlier in life. As Mortgage Choice Survey Spokesperson Kirsty Sheppard explains, people are focussing on other life goals such as career and travel, before entering the property market. […]

By |May 24th, 2011|Categories: First Home Buyer|Tags: , , , |Comments Off on First Mortgages No Longer for the Young

Debt Crisis as Housing Market Plummets

Australians attempting to sell their homes are suffering as property values take a nosedive.
Hitting hard particularly in areas of Sydney, a recent investigation has shown that sellers are falling into dire financial situations due to the low property prices and a plummeting housing market. As The Sydney Morning Herald discerned, “plummeting property prices have meant many vendors are confronting negative equity, where they owe more on the property than it is worth.” Many Australians asking what they should do in such a downward trending housing market.

One particular example, of a three bedroom brick-veneer house in St Claire which recently sold in August for $260,000 plummeted 42% from its 2003 sale of $450,000. […]

By |May 24th, 2011|Categories: Debt Consolidation|Tags: , , , , |Comments Off on Debt Crisis as Housing Market Plummets

First Interest Rate Cut in 7 Years

Australians have welcomed with open arms the Reserve Bank’s first official drop of interest rates in 7 years. The RBA on September 2nd, dropped its cash rate by 0.25 to 7%, its first cut since December 2001.
While this comes as a certain relief to many families struggling under the pressure of mortgages, many are still cautious. As Prime Minister Rudd announced “Interest rates took a long time to rise and they will take a long time to come back down. And the road will be a very uneven one on the way through.” However many remain optimistic, especially those struggling to make ends meet, and spiralling into debt. […]

By |May 24th, 2011|Categories: Interest Rates|Tags: , , , , |Comments Off on First Interest Rate Cut in 7 Years

Unemployment Projected to Rise

The continuing interest rate squeeze and falling share markets, are expected to slice consumer spending habits, which in turn will slow the economy and force an extra 75,000 Australians into unemployment by the middle of next year.
While there has been a small concession for Australian households last week with the Reserve Bank’s first rate cut in 7 years, we are not out of the dark yet it seems. David Uren, the Economics correspondent for The Australian cautions the “Treasury expects the unemployment rate to rise from its recent historic low of 4 per cent to reach 4.75 per cent by the middle of next year.” […]

By |May 24th, 2011|Categories: Debt Consolidation|Tags: , , , |Comments Off on Unemployment Projected to Rise

Reserve Bank Issued Personal Debt Warning

It is an obvious statement that all is not as well as it could be at the moment for many economies around the globe. This week has seen shock waves in the US market with the collapse of financial powerhouse, Leyman Brothers.
In a speech to business leaders in Sydney this week, Glenn Stevens, Governor of the Reserve Bank, said Australia has been affected by the global credit crunch, but much less than other countries.

Mr Stevens said the massive rise in household debt over the past 15 years may be coming to an end and could be replaced by a rise in government borrowing to fund infrastructure projects.

“There is also a chance, it seems to me, that households might seek to contain and consolidate debt for some time,” he said. […]

By |May 24th, 2011|Categories: Debt Management|Tags: , , |Comments Off on Reserve Bank Issued Personal Debt Warning

Packed to the Rafters: Sydney set to Face Housing Crisis

Due to increasing fertility and immigration influxes, Sydney is set to face new stream of housing shortages.
New Research suggests that the city will need over 33% more apartment blocks and houses than initially proposed in the NSW State Government’s 25 year city growth plan.

It has been found that an extra 876, 640 city dwellings will be needed by 2031, a significant rise from the initial government projections of the 640, 000 proposed.

Director of SGS Economics and Planning, Patrick Fensham describes the consequences, “That will mean pressure on housing affordability, people staying at home longer, cramming in more bodies that people like to in the house.”

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By |May 24th, 2011|Categories: Home Loans|Tags: , , , |Comments Off on Packed to the Rafters: Sydney set to Face Housing Crisis

IMF Declares Australian Banks Won’t Collapse Under Subprime

Fears of Australia’s economy going into recession as a result of the US housing price collapse may be unfounded.
According to the International Monetary Fund (IMF), banks are not in danger of going belly-up, with Australian house prices only “moderately” overvalued.

As the IMF says “The results do not produce evidence of a significant over evaluation of house prices”.

Australians can sigh a breathe of relief over the news that puts our economy in relative safety, given the current global credit crisis. […]

By |May 24th, 2011|Categories: News|Tags: , , , , , |Comments Off on IMF Declares Australian Banks Won’t Collapse Under Subprime

Australian Borrowers Cautioned to Curb Spending

Borrowers have been urged to stem their spending over the approaching festive season, as the world financial markets remain unstable. As the end of the year starts to approach, the Christmas holiday period is a common time to splurge on those gifts and leisure activities, without as much concern about the bank balance. This is one of the most common times to accumulate debts.

However the head of Consumer Advocacy at a mortgage corporation Lisa Montgomery, warns it is “an area of spending which traditionally tends to blow out over the last few months of the year and invariably leads to a New Year hangover.” […]

By |May 24th, 2011|Categories: Financial Planning|Tags: , , , , , |Comments Off on Australian Borrowers Cautioned to Curb Spending

Government Survey Gives Insight into Australian Debt

It seems Australians are not entirely money-conscious when it comes to entering into debt, as a recent Federal Government report has found.
The latest survey conducted by the Financial Literacy Foundation has divulged details about the general attitudes towards credit and debts amongst the Australian population.

The nationwide survey found, 21% of respondents will get into debt by buying things they cannot afford, and 17% pay only the minimum amount owing on their loans. […]

By |May 24th, 2011|Categories: Debt Management|Tags: , , , , |Comments Off on Government Survey Gives Insight into Australian Debt

Rate Cuts Herald Lower Rents for Tenants

This comes as a welcome relief to many renters struggling to keep up with the mounting rental prices. As the Reserve Bank of Australia has begun to slash interest rates, relieving many Landlords’ mortgages, rental costs have similarly begun to fall.
As APM Senior Economist Liam O’Hara predicts “There maybe further moderation in median asking rents for the remainder of the year as the possibility of a global recession feeds into the Australian economy.” […]

By |May 24th, 2011|Categories: News|Tags: , , , , |Comments Off on Rate Cuts Herald Lower Rents for Tenants

Australian Households Struggle Under Mounting Financial Pressures

Australian households are feeling the financial strains of the global economic crisis as the Christmas season draws to a near. With oil prices still high, the Australian dollar buying fewer than 70 US Cents, and economies around the world slowing, the trickle down effects are showing.
Living costs are at a record high, grocery prices both on the rise. Christmas often stretches the family finances further, making it even more difficult to make ends meet. […]

By |May 24th, 2011|Categories: Debt Management|Tags: , , , |Comments Off on Australian Households Struggle Under Mounting Financial Pressures

Unemployment Predicted to Skyrocket

The Australian unemployment rates are expected to rise as an onset of the global economic recession.
There has been much speculation in past months about the flow on effects for Australians in the wake of the global financial crisis. It seems that unemployment will be a major casualty.

John Quiggin from the University of Queensland prophesises, “Australia has not been hit, but a lethal cloud of fallout is gradually drifting southwards” The economic downturn is having an impact on households nationwide, with slowing businesses and increased living expenses. However with the global economies being slowed by Governments in attempts to stem the economic recession, so job opportunities will continue to become scarce. […]

By |May 24th, 2011|Categories: News|Tags: , , , , , |Comments Off on Unemployment Predicted to Skyrocket

Credit Card Debt on the Rise

Banks are hiking credit card interest rates, forcing many consumers into debt.
Recent research from a National newspaper suggests that at least 5 major credit card providers have increased their interest rates within the past three months. This comes as a rude awakening for many as the Reserve Bank’s recent cash rate cuts of 2% should have seen the interest rates for credit cards drop. […]

By |May 24th, 2011|Categories: Credit Card Consolidation|Tags: , , |Comments Off on Credit Card Debt on the Rise

Reserve Bank Urges Australians to Avoid Panic

Despite the many impending pressures imposed by the Global recession, the Reserve Bank remains optimistic about Australia’s financial future.
Rising unemployment, pricey living costs, increasing household debts; it all seems bad news for Australian household budgets. However the Australian Reserve Bank Governor Glenn Stevens urged consumers to have “quiet confidence” about their financial future. […]

By |May 24th, 2011|Categories: Debt Consolidation|Tags: , , , |Comments Off on Reserve Bank Urges Australians to Avoid Panic

Low Income Earners Receiving $950

Our Managing Director of Australian Lending Centre, Chris Riotto, has been following the recent actions of the Rudd government who have derived a plan to assist the economic recession in Australia at present.
This involves a $42 billion economic stimulus package which has passed the lower house of parliament after a 15-hour debate went through the night of the 4th of February. […]

By |May 24th, 2011|Categories: News|Tags: , , |Comments Off on Low Income Earners Receiving $950

Debt Snowballing – Debt Repayment Strategy

Debt snowballing is a method of debt repayment that may be used to clear a number of debts together. With this method of debt repayment, the lowest debt is the one that is initially concentrated on and eliminated first.
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By |May 24th, 2011|Categories: Debt Management|Tags: , , |Comments Off on Debt Snowballing – Debt Repayment Strategy

Further Job Losses Loom Ahead for 2009

The loss of jobs in a number of Industry sectors continues to intensify into 2009.
The Tourism and Transport forum have released their quarterly tourism industry sentiment survey which indicates that ‘Major job cuts are a frightening but realistic prospect with up to 63% of the current tourism businesses expecting to make moderate cuts to their workforce in the coming year.

On top of this, sales in the automotive industry are down with a significantly decreased domestic demand for new cars, this will see a likely cut in manufacturer production and a number of layoffs in this sector. […]

By |May 23rd, 2011|Categories: News|Tags: , , , , |Comments Off on Further Job Losses Loom Ahead for 2009