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.

Reduce Your Debt in 2010

The end of the year is here again, and after a year of financial turmoil, now would be a good time to stop and take some time to reflect on how you spent your money this past year.  December is always a great time of year to create financial goals so you can begin them early in the New Year.  By setting yourself goals they serve as a motivational tool throughout the year to strive toward a better financial future and reducing your debts.

Click on ‘read more’  for some helpful hints to better manage your debts:


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Bad Credit Debt

Over 1.5 million Australians have notched up black marks on their credit records because of overdue bills and debt.

In particular, hundreds of thousands of Victorians are among those risking finance knock backs for taking too long to pay utility bills or missing loan and credit card repayments. The revelation comes as financial counsellors expect to be swamped with households struggling to pay higher water and power bills this year.

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Avoid the Debt Trap

It’s not out of the norm to hear that 2009 was a hard year financially for many people and businesses – but now that the credit card bills have began to roll in from the holiday season, it‘s very apparent just how much debt people dug themselves into last year.
Over drinks the other night I noticed a friend – who usually pays cash for everything – was using a credit card to pay for her cocktail, I was taken aback and asked her why; she replied “after my pay cut last year and interest rate hikes on my mortgage, I have chewed through my savings and now I mostly use credit”. She then went on to explain that as of October last year she has been making her monthly mortgage repayments on her credit card, as she has been using her weekly income to pay for other bills, everyday spending and her minimum monthly card repayments. Quite simply put, her repayments are approximately $2,200 a month, so she is already $11,000 further in debt – and that isn’t even taking into consideration the credit card interest she is accruing.

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Home Repossession Over a Small Debt

19 May 2010
Recently the Queensland Government threatened to seize a Brisbane woman’s home to recoup a debt of $6151.00.


It is part of several measures the Queensland Government introduced to recover unpaid fines, with more than $160 million outstanding.

Letters warning of property seizures have been sent to 11 individuals and 4 businesses in QLD, in a bid to recoup $257,000 in outstanding fines since a trial of the strategy began on January 1 2010.

Asset checks are undertaken on fine-defaulters, allowing the Government to seize property including homes and cars to pay back debts. […]

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Banks Funding Costs Hurt Borrowers

There are claims that Australia’s banks funding costs are imposing obstacles on borrowers that prevent them from getting a loan.  A non-bank financial group has suggested that money sourced from global credit markets is now priced
considerably higher than it was a few years ago, which means that banks can be very selective as to who they lend to.
If this is the case then essentially banks are cherry-picking potential customers with the best capacity to repay their debt, and are imposing obstacles to prevent those with a bad credit history from securing a loan.
Being rejected for a loan could adversely affect a borrower’s credit rating, and in turn this could also affect them the next time they go to a financial institution to borrow money.

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Good Debts and bad Debts

As Australians earnings and lifestyle habits are increasing, so are their debts.  In order to manage and decrease these debts, Aussies need to become educated on their debts and which debts to stay away from.
The three most popular debts Australians tend to hold are: personal loans, credit cards and mortgages.  To catergorise these, personal loans and credit cards are considered bad debts as they usually result in nothing of value to show
for having the debts (i.e. there is no investment property at the end of the tunnel).  Additionally, these debts typically have highest interest rates and are used for assets that depreciate, or lose value over time (such as a motor vehicle).
A mortgage on the other hand is considered a good debt to have, as typically the asset will appreciate in value.


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A Most Deserving Winner

11 August 2008
Vicki Reynolds from Oberon, New South was delighted to receive the congratulatory phone call from Chris Riotto, Managing Director of Australian Lending Centre advising her that she had won $2,500 through a competition that was run on the company’s website,

Vicki, who has lived in Oberon all her life, contacted Australian Lending Centre to source a competitive loan to purchase a 7 seater car for her home based business as Family Day Care Mum. She wants to take the children she has in her care on outings and was just finding it too difficult without a large vehicle. […]

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Tips for Saving Your Money

With living costs always on the rise, and those stressful interest rate hikes, debt can be an easy category to fall into. However there are a few everyday things that may help you to save money. Here are a few great tips to assist your dwindling wallet:

Write down all your expenses for the week, find […]

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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.” […]

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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.” […]

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