Debt management is not as difficult as many people think. At Australian Lending Centre we are the specialists in helping you navigate the confusion and stress of managing your debt. We can negotiate with your creditors and find a way forward for you. It may be a debt consolidation solution. You may need a debt agreement. However you decide to move forward, Australian Lending Centre will be there each step of the way. We support you through the debt management process. The articles in this section articles will give you all the information you need to make an informed choice about how to manage your financial situation.

Ramifications for Australian Home Owners as Petrol Prices Skyrocket

As world oil prices continue to rise, so the ramifications for Australians Nationwide will continue.

In early May of this year Australian petrol pumps were demanding an average of $1.47 a litre. This is distressing news for Australians as the pressures of rising inflation already affect living and mortgage costs. Goldman Sachs warns US oil prices could soon reach $US200, a barrel which would send Australian petrol prices to a colossal $2.00 a litre.

As these petrol prices rapidly increase, it only serves to put further pressures on Australians, especially those struggling to make ends meet with hiking mortgage interest rates. As Craig James form CommSec advised, “The tipping point now for consumers to again adjust their behaviour is $1.50 a litre.” […]

By |May 12th, 2011|Categories: Debt Management|Tags: , |Comments Off on Ramifications for Australian Home Owners as Petrol Prices Skyrocket

The Unstoppable Australian Debt with No Solution In Sight

It is becoming alarmingly apparent that more and more Australians nationwide are falling into the household debt. With ever-increasing interest rates, mortgage repayments are becoming unmanageable and daily living costs are soaring.

Managing Director of the Australian Lending Centre, Chris Riotto, asserts, “We are receiving an influx of customers who just can’t afford to sustain their increasing mortgage repayments and keep up with household costs.Although these people initially had sufficient incomes to meet their repayments, because inflation is now increasing to an unmanageable point, they are now finding it virtually impossible to stretch their incomes enough to make ends meet.” […]

By |May 12th, 2011|Categories: Debt Management|Tags: , , , |Comments Off on The Unstoppable Australian Debt with No Solution In Sight

Australian’s Quest for McMansions Causing Debt to Sky Rocket

The idealism surrounding Australian home buyer’s quest for their own four bedroom McMansions, is causing debt to sky rocket. The need to obtain a piece of the Australian Dream with families entering hefty mortgages is causing added stress to household’s nation wide.

The McMansion, featuring four or more bedrooms accounts for 60 per cent of the 1.2 million houses and apartments erected since 1995, the Inquirer has found. […]

By |May 12th, 2011|Categories: Debt Management|Tags: , , |Comments Off on Australian’s Quest for McMansions Causing Debt to Sky Rocket

Good Debt V.S. Bad Debt

As interest rates continue to rise, the question arises as to whether you are carrying too much personal debt.

Veda Advantage’s biannual Australian Debt Study revealed one in five Australians with debt were finding it difficult to make repayments or were unsure how they would make their next repayment.

Another report found more than 40% of Australians […]

By |April 30th, 2010|Categories: Debt Management|Tags: , , |Comments Off on Good Debt V.S. Bad Debt

Cut Costs and Grow Your Savings

The world might be slowly coming out of a recession, however many people are still struggling to make ends meet. This could be largely due to a lot of people being made redundant, and still looking for work or only working part time due to fewer job opportunities.

If you fall into this or a similar […]

By |October 30th, 2009|Categories: Debt Management|Tags: , , , , |Comments Off on Cut Costs and Grow Your Savings

Credit Card Debts Can Lead to Home Repossession

Home Repossession
A Brisbane couple lost their home valued at $315,000 over a credit card debt of only $8000. They only found out that it went to auction after the home was sold for $20,000 at a bailiff’s auction.

Legal Aid Queensland (LAQ) says it is just one of several cases of debt collection companies moving to […]

By |May 11th, 2009|Categories: Debt Management|Tags: , , , , , |Comments Off on Credit Card Debts Can Lead to Home Repossession

Don’t Carry Debt in an Economic Downturn

In the final quarter of 2008 there were 1,991 debt agreements signed. According to ITSA this figure is up 37.12% on December 2007. This figure illustrates the increased number of Australians’ who are facing financial difficulty.

Carrying debt in a downturn can be more dangerous than ever. Predominantly people are getting themselves into financial difficulty through […]

By |February 16th, 2009|Categories: Debt Management|Tags: , , , , , |Comments Off on Don’t Carry Debt in an Economic Downturn