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Credit Card Reforms 2020
Credit cards can be great, but they can also cause bad debt. This is why the Credit Card Reforms 2020 were brought into place to protect you. Find out here!
Christopher Riotto
24 April 2020
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Our news section is to help debunk myths around money, empower you financially and written by experts such as ALC CEO Christopher Riotto and his specialist team. Learn to save, spend wisely and get debt under control.
Credit cards can be great, but they can also cause bad debt. This is why the Credit Card Reforms 2020 were brought into place to protect you. Find out here!
One thing many people don’t realise is that it is entirely possible to take out a loan while you are on Centrelink payments.
Financial security and pandemic. The two don’t really go hand-in-hand, do they? As if facing a global health crisis wasn’t terrifying enough, the world’s economic nosedive is hitting Australian families and individuals hard. Really hard. But as with most things in life, rest assured there will be light at the end of the tunnel.
Our economy is coming to chaos. Cities are being evacuated, schools are closing their doors, travel restrictions are being implemented and stock prices have been in free fall as the airborne virus spreads. Amidst all this panic, just how is coronavirus impacting financial markets and our very own financial stability?
If you think you’re out of luck, just because your credit is less than perfect, I have good news for you. It is not impossible to get a loan with reasonable terms, as long as you know how to apply the right way.
If your habits put you in financial troubles, it may be time to change them. You are responsible for your financial success. Desire it and set a good plan of action; simply keep moving until your credit card debt and other loans are fully paid and you achieved the income level you desire.
If you’re not 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 in the first place. This is where some handy tips for buying your property at auction come into place.
Taking a loan isn’t proof that you aren’t administrating your finances well or that you aren’t earning enough money to support your family. A loan is a great method that offers you a way out of a problem!
We all have seen the advertisements, from the sublime to the absurd, for payday lenders and car title loans. There are a lot of options out there when it comes to debt consolidation loans.
Whether you want to go on a holiday, pay for medical bills, buy a new car or renovate your home, a personal loan can help
Taking out a new credit card for the first time is a huge, exciting milestone. You suddenly find yourself with access to more money when you need it. Of course, this is all money that needs to be repaid on time. If you miss payments the interest will start adding up and you will find yourself in more debt than you bargained for.
Since buy now, pay later services have been invented, people can get what they want, while not paying the full price from the get-go. Doesn’t that sound awesome?
In the 2019-2020 Federal budget, the Coalition Government announced its intention to revise the Personal Income Tax Plan. The proposal has now passed Parliament and has started to roll out across this year’s tax returns.
Payday loans usually come with very high-interest rates . These rates can come in the form of a flat fee or a certain percentage of the cash advance payday loans. For example, a cash advance lender may charge 20% per $100 borrowed. This means that the borrower has to pay $20 in interest on a monthly basis.
Quick loans are suited for people that are in urgent need of cash but cannot access it elsewhere. Therefore, as long as you meet the loan repayment terms, everything is fine. Things are likely to get off track when you miss making repayments or you default – which applies to all types of loans.
Dealing with multiple fast loans is next to impossible, all the more so when each of them has a different interest rate. If you’re in this unfortunate position, debt consolidation is your best shot at getting out of those loans.
The availability of short term loans to start-ups and small businesses is crucial to the economy. Without short term financing, companies couldn’t operate properly, nor could they expand.
Self-employed borrowers encounter difficulties when they’re looking to refinance their loan. This happens because financial institutions will take a closer look at their income and are sceptical due to not knowing how their business is going to progress.
In a recent report among some small and medium enterprises, researchers found that optimism had dropped 41% to just 38% from the previous year. This decline in confidence has caused many small businesses to act cautiously and begin reevaluating the year ahead.
Australian Lending Centre is the country’s largest provider of alternative loan products, debt consolidation services and refinancing for over 30 years.
We’re not like your average bank. We don’t have extensive queues that make you wait weeks for funding and we don’t discriminate based on credit history.
Our team understands that not everybody is struggling, some people just need a better loan term with the highest quality of service and transparency.
Whatever your situation, you are bound to have questions about our process, products and services, which we've compiled together for you.
For 25 years Australian Lending Centre has been offering Australians a financial relationship with access to the latest financial products and services. Our highly trained, specialist lending consultants are here to help you get on track financially. With our wide range of loan products, Australian Lending Centre strives to make a long-term commitment with each customer we work with. ALC is a one-stop-specialist for bad credit loans, business loans, refinancing and debt consolidation into one easy repayment, Australia wide. For bank-alternative finance assistance required, get in touch, we aim to help every customer get the most suitable loan product for their needs!
