Debt Consolidation
10 Steps To Get Out of Debt
As daunting as it may feel, there are ways to escape debt (and it’s easier than you might think). Read our 10 steps to get out of debt!
Jack Richings
25 May 2020
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Our blog is designed to create understanding and responsibility around money management and empower you financially.
As daunting as it may feel, there are ways to escape debt (and it’s easier than you might think). Read our 10 steps to get out of debt!
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?
Divorce can be difficult, but don’t let your bank account suffer. Build the foundations for a happy future – find out how to manage finances after divorce.
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.
There are so many different types of loans out there, it can be hard to know which one you should be taking out for your particular circumstances. We are going to take you through exactly what a personal loan is, when it’s a good option to take one out, the different types of personal loans and finally the advantages and disadvantages of them.
Understanding the reason behind your loan denial is a valuable learning experience. This reason helps you to pinpoint the areas of your financial life that need to be polished. You can always improve on this and reapply for the funding.
Consumers are buying anything and everything. Now – this is not necessarily bad; but if you find yourself turning into an online shopaholic, it may be time to start thinking about how you can save money when online shopping.
When banks close the door your business dreams, just remember that it is not over yet. Aussies have one more form of financing that they can use – and that’s alternative lending.
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?
There was once a time where if you needed a loan, you only visited a bank. Fortunately, times have changed. Yes, you can still go
When you need cold cash now, fast loans can be your best bet. Fast loans are quick and easy to obtain. Lenders can process loan applications within 24 hours meaning you can have your funds in your account overnight.
Many people think it is all too hard, but everything you do will help, even small changes can make a huge difference. We can all employ a range of measures that will prevent budget blowouts without sacrificing all the things you like doing.
Coping with debt is not only a financially challenging experience, but it is also emotionally taxing. Whether you have an unpaid medical bill, high credit
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.
Understand that life happens and sometimes, you have to deal with some financial setbacks. Loss of employment, illness and relationship breakdowns may make repayments difficult.
It is perfectly normal for borrowers with kids to skip payments to make room for family fun, especially on the weekends. After all, memories matter more than money, right? We came up with several free or cheap fun family activities with your kids so you can enjoy all the fun without spending a penny.
Many Australians are burdened with debts, you may want to plan debt consolidation as a solution. This method does come with its benefits, and it can be a real life-saver if you’re mounting debts from different sources.
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 in using their loan. The following five tools are alternatives to debt consolidation.
Banks often reject applications of those with unstable income and negative credit entries on their credit report, unless they have sufficient security for the loan. Good thing there are available debt consolidation loans for people with bad credit.
Choosing the right financial recovery tool can be quite a headache! What’s the best choice between debt consolidation and making your own repayment plan? What are the factors to consider when making a decision? Read on and find out.
Secured Loans Secured loans are debts that you secure with a collateral-like a home, car or any other property. In case of defaults, your creditor
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?
Are you looking for a debt consolidation loan to absorb all your outstanding utility bills, unpaid defaults and high-interest credit card debts? If so, there
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
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
A lot of people think that for you to build your business you need to get more debts, despite having a bad credit. Others also believe that getting into debt puts their business at risk of going bankrupt. So, how would you know if it is wise to get cash now with bad credit or not?
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
Debt consolidation loans can truly be a great help, but you must know when you need them. Moreover, there are many other aspects that come into play, like the ones mentioned above. So, review your situation thoroughly before you take such a debt consolidation loan because it can have disastrous consequences if you go for it lightheartedly.
A debt consolidation loan could also work for you if you are getting behind with your debts, thereby reducing the stress of paying off several debts. You no longer have to deal with multiple creditors, or fear telephone calls from debt collectors, reminding you of missed payments or possibly threatening you with court actions.
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
Over the years of advising young entrepreneurs in debt, I realized that there is one thing that is stopping them from achieving their financial goals
Your credit rating can be restricting when it comes to getting a loan. But does bad credit affect your chances of getting a debt consolidation
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,
Getting a loan is not that easy, especially if you are looking for an alternative loan product like a bad credit loan, low doc loan,
There are so many reasons why people need to take out a loan. And, it’s not hard to understand why people are opting for no
Debt consolidation is regarded with kind eyes by many Aussies and often described as a solution to all of your problems. Just like the name
Do you feel burdened by several credit card debts and other outstanding loans and you think debt consolidation could provide some serious relief? Debt consolidation
Getting a loan when you have bad credit can be tough sometimes because most lenders don’t want to take the risk of not being paid
The best way to consolidate debt depends on your needs and financial situation. Here are ways to consolidate your debt to ease your financial burden
Debt consolidation is the process that gathers the total amount of your outstanding debts into one single loan. As with any other financial procedures, it
Struggling with many loans and different interest rates involves lots of time and money. So, we are here to offer you the answer to this
Interest rates – They’re unavoidable when it comes to getting a loan, but knowledge is power… If you are aware of what interest rates mean
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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
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Bankruptcy is that particular legal status of a person, a company or other entity that can no longer repay his or its debts to creditors.
Unfortunately for us, over the last few decades, we’ve been raking in a lot of debt. As we all know, the global economy has not
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 the Australian Lending Centre has been offering customers support and access to the latest financial products and services. Our highly trained, caring team is here to help you get on track. Australian Lending Centre strives to make a long-term commitment to improve your financial wellbeing.
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