Aside from your credit score, did you know lenders sometimes determine interest rate levels depending on the supply and demand of credit? Or that you might be able to get lower interest rates by applying for the same loan in another financing company? In fact, these could be some of the strongest factors that lenders […]
Are you planning to take out rural loans to grow your next crop or improve your farm operations? Can it help you become more competitive in the short and long-term?
These are the common financial issues Australian famers need to deal with…
Expansion
Farmers are facing new challenges and opportunities every single day; not only in maintaining their […]
Applying for home equity loans is one of the smartest ways to use your valuable assets.
If you have a home, and you already paid off a portion of that house, then the difference between the value of your home and the total debt you owe is your equity. It is your interest in the said […]
Finding the best private funding or private lender is not a piece of cake. There is no such thing as one-creditor fits all, when it comes to loan options. But, asking the right questions can help you find the best financing company with loan products that best fit your credit situation.
Is private funding the best […]
If you have a first mortgage on your house and you obtained a caveat loan, it works as a second security. The caveat would be in your title, and will only be removed when you have fully paid the loan. Simply put, a caveat loan is like a second mortgage, where the loan is secured […]
Do you see nothing but credit card debt when looking at your budget?
Extensive loans and consumer debts are becoming a part of our lives. People need money for their daily expenses while in between jobs; others need quick cash when facing emergency situations. Even entrepreneurs need to inject funds to their working capital when cashflow […]
Personal loans can have a negative impact on your credit score if you fail to repay them on time. Just like it is the case with types of loans, if you’re failing to make monthly repayments, then your credit score deteriorates. The problems appear when you’re trying to get a home loan, and financial institutions […]
For many individuals, a “cash” advance is an essential way to finance their emergent needs like hospitalization, wedding and car repair. However, it is not easy to obtain funding especially if you have a bad credit. In fact, if you have maxed out your existing credit cards, it is almost impossible to get a new […]
Many people will apply for bad credit loans over the course of their life. Due to salary changes, a bad investment or personal problems, a bad credit score can prevent you from achieving your dreams. A bankruptcy or even failing to make regular payments for your loan can have repercussions and thus put you in […]
Here are some practical, easy ways you can save money on your car loan with bad credit, and repay your debts faster.
1) Add extra payment on your monthly installment.
Most of the car loans have fixed monthly installments. So, every time you make an extra payment, it should go directly to the principal. You can also […]
Applying for a mortgage is a tough decision to make, especially when you have a spouse and/or kids. There are cases when in fact it’s best to apply for a mortgage on your own. We’ll tell you all there is to know about mortgages and what helps you get your application approved, or what could […]
While it may take time to build your credit score, getting a secured loan can help you improve your credit and boost your credit score.
Secured loan defined
A secured loan is a debt linked to your property. So, if you have a home or you are buying one, you can get a secured loan. The amount […]
Being self-employed means that you’re going to have to put in a little more effort into finding the right refinancing solution for you. That’s exactly why we’ve put together a refinancing guide to help you get a clearer picture of what you should pay attention to, how to choose a loan and most importantly, how […]
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 says, debt consolidation refers to putting all of your debts together, in order to keep track of your payments easier.
In addition, this change will save you money and allow you […]
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 is a new loan that allows you to pay off your multiple balances in one monthly payment. It doesn’t erase all your debts, but simply makes it easier for you to […]
Getting a loan when you have a bad credit can be a little tough sometimes because most lenders don’t want to take the risk of not being paid back. But, it is completely possible to get loans even with a bad credit. You just have to make smart financial decisions from now on.
First, know the […]
A personal loan is a useful tool to get your hands on money to meet your current needs. But, considering that you have to pay it for a defined term and it usually comes with high interest rates, there are things you need to consider when applying for one.
Here are 4 questions for those considering […]
Are you looking to take out a business loan? Do you want to have a ballpark of our debt service coverage? If so, using a business loan calculator can you help plan for the future of your business.
Business loans can be used to expand your trade to a new location, upgrade your facilities, or invest […]
If you’re looking for extremely low rates to finance a new car, you have to make sure that it is not the only thing you are looking at. Remember that a car dealer gets a better deal when financing your car, than getting paid for it in cash; unless the lender pays for it and […]
When you need cold cash now, fast loans can be your best bet. No frills, no buts, you just send your application, the lender would process it in a few hours, and you’ll get the crisp cash you need. But, how can you repay your loans quickly?
Here are some tips that you may find all […]
Low doc loans in Australia are loans designed to give opportunity to the self-employed to obtain personal loans when it is impossible for them to present payslips, tax returns and other proof of income. Despite its minimum loan requirements, traditional lenders conduct strict verification process to ensure that applicants are not tampering paperwork to qualify […]
There’s no easy way to overcome bad debts, but if used wisely debt consolidation loans can quickly tackle them head-on, and put your finances back on the right track.
Bad loans interrupt your life and prevent you from reaching your financial goals. They ruin your credit history, decrease your chance of getting favorable loans and may […]
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 and build your credit score.
Types of debt consolidation
There are two ways to consolidate debt; through a debt consolidation loan or debt settlement consolidation.
Debt Consolidation
The first type is a type of […]
Borrowing money is not bad, if you use it wisely to earn more. The keyword is “leverage”. It is using the borrowed money to buy an asset or increase your capital. But, leveraging is not for the faint-hearted. You have to make it work not only magnify the gains, but to cover the losses as […]
The first sign of a financial problem is denial that you need to ask for debt help.
A person is most likely to ask for help upon reaching the rock bottom when the only logical way out is bankruptcy. Before you sink deeper into debt, here are some questions you can ask yourself to know if […]
If debt is a pervasive part of your life, and every now and then you are looking for quick loans, you are not alone. But, don’t you know that you can find your way back to a stable financial ground with good planning and a little bit of work?
People are in debt because…There are many […]
If you need immediate cash and you have no financial documents to submit at this moment, short term loans may be your best option.
Don’t get us wrong. Using credit cards to finance a purchase is sensible as long as the repayment period is short; however using it as a financing instrument is another thing. Stretching […]
Are you planning to refinance your mortgage? If so, here are some important factors to consider before getting a new loan.
What is your purpose for refinancing?
Refinancing is a type of debt you will get. So, it is important to determine the whys and wherefores before securing it.
People often decide to refinance their mortgages because of […]
Refinancing can be a convenient option in many cases, regardless if you are hoping to get a better interest rate or attempting to consolidate your existing debts. However, it can prove to be pretty tricky in the long run, which is why you may want to learn everything about the refinancing pros and cons.
This option […]
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 may or may not work for you. The key is to know what to look at to ensure that you’ve made the right choice for your personal background. If you’re […]
Are you applying for low doc loans?
Learn more about low documentation loans and the things you have to consider before applying for one.
Emergencies happen, and when they do, it could be that you have very little money, or none at all to fix until your next payday comes in. With no bank savings to fall […]
Despite what you may hear about how easy it is to get no credit check loans credit cards, getting into overwhelming debt with the wrong lender can seriously damage your finances.
In fact, there are loan sharks and scams promising too easy verification process, but pressuring you to pay upfront fees immediately. Its either they get […]
There is no such thing as quick fix for bad credit scores, but bad credit loans can be your best option in rebuilding your credit history and paying for your current needs.
A credit score of 509 or less (VedaScores) means you cannot have the best interest rates on loans, mortgages and refinancing because you’re a […]
People take a home loan refinancing into consideration when they’re no longer satisfied with their actual home loan or when they want to make some house renovations.
Refinancing becomes a choice when your lending needs have changed or when your home loan is starting to pose difficulties.
A refinancing has lower interests rates
This is the main […]
No credit check loans are the dream solution for people who are having problems with bad credit or don’t meet the criteria for a loan. There are lenders who won’t verify your credit history to decide if you are eligible or not for a loan.
If you’re worried about your financial situation and in need of […]
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!
A short term loan solves the issue immediately and without all the fuss that comes with larger loans. […]
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 question: why is debt consolidation a good choice for you?
Debt consolidation means that all your loans combined in a single one. You’ll be able to manage all your finances easier […]
Wondering how you’re going to stay on holiday budget? A prepaid credit card could be a wise alternative to starting 2017 without a massive blow to your bank account or credit line.
You are using your own money.
AusPost has a Load & Go prepaid Visa card that is accepted anywhere Visa is accepted, you can reload […]
They’re something you can’t avoid. They’re everywhere and for the most part they affect everything we do. No, i’m not talking about the missus, i’m simply referring to the elephant in the room.
Whats happening at the moment ?
After reaching a record low of just 1.5% in August this year, the reserve bank has remained faithful […]
With the holidays looming ahead, there is no question that the inaugural family trip is in full planning mode. If you’re stressing about it, don’t worry, we’ve got a simple guide on how to save on the family vacation.
These helpful tips will help to ease the stress on your wallet and make your holiday enjoyable […]
Most young Aussies experience living with roommates, which can be an immense challenge while being equally exciting; depends on how you look at it.
We all agree that money is, presumably, the underlying root of all tensions in such instances, and it can be a never-ending source of quarrel if you don’t handle the situation accordingly. […]
How many times did you find yourself wanting to earn some money ASAP? Probably many times. Regardless of the reasons you’re in need of quick cash, stock trading could be an excellent approach in such instances. Notwithstanding, before taking the leap, you should consider a handful of basic tips.
Get acquainted with the basics of earning […]
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 […]
How do millionaires make their money, especially when they’re so young? And just as important, how on earth do they manage it? What are their secrets, and can we learn from the methods that they apply?
Well, Capgemini Consulting made it a little easier for us with the report in which they reveal young millionaire money […]
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 […]
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, […]
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 […]
“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 […]
According to Southern Metropolis Daily, loan sharks found a new and unconventional way to guarantee for loans. They ask female university students for nude photos in order to get a loan.
Loan sharks and their unconventional loan collaterals
What is the newest collateral for a loan? Naked pictures of students. More and more loan sharks based in […]
According to recent settlements, Google has decided to restrict the appearance of ads featuring short term loans. The decision was triggered by the concern that these ads have a specific predatory nature. On that account, it has been established that the search engine will ban ads featuring loans for which the repayment is required within […]
Budgeting is always a good idea because this way you can control your financial resources and expenses. But there are a few mistakes that can make a budget go awry. If you don’t want this to happen, make sure you avoid the following ones.
Budgeting Mistakes
Making it too strict
Even though budgeting is not fun at all, […]
A savings plan should be a part of everyone’s life. It is not something you need to consider but something that you need to make a conscious decision on doing and sticking with. Just like everything else that you are serious about you should have a plan on how to do it. With no plan […]
There was a recent rise in the business loan rates and hence as expected there will be a parallel rise in mortgage interest rates. According to market economists the increase in the interest rates will be felt as early as a month after the announcement of the increase in business loan rates.
The interest rates are […]
According to a recent global survey regarding early retirement, Australians dream about this much more than other nationalities. The study revealed that 75% of people who live in Australia and over 45 years old consider retiring within the next five years. Compared to other countries, the number of citizens wishing for this is significantly higher […]
This year has been a profitable one for Australians and their credit card debt. According to latest percentages, Aussies seem to be managing much better with their mortgages; their mortgage repayment appears to be going along much better than when compared with the previous year. Reports from the ABS data showed that their credit card […]
When you do your groceries, it is best to shop like an investor. Apply those investing skills whenever you shop and you’ll be surprised with the amount of savings you are going to earn.
As you go to a supermarket, how do you choose a product? Most shoppers rely on advertisements being fed by the media. […]
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. Even though some people may affirm that bankruptcy also has a few advantages, the list of disadvantages is definitely much longer. For this reason, you should think of bankruptcy only […]
What is a Margin Loan?
A margin loan is not your typical kind of loan. It is ideal for investors who frequently keep an eye on their investments. It allows investors to borrow money to buy shares or invest and use it as a guarantee. In case you barely have the time to monitor the movement […]
In recent years, many of us became victims of high mortgage interest rates without even realising. This problem affects mostly the home loans because their term is the longest. But how can you know if you are in such a situation, too?
High Mortgage Interest Rates – Are you a victim?
Verify your current loan
In the case […]
Scams are everywhere. Protect yourself and do not let crooks take advantage of you. They are just after your money and they are trained to trick people. Everyone must avoid these scammers. Being familiar with their tactics will help you become aware of how they work. Have you encountered a message online that promises you […]
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 been the best these past few years, and that has left people in uncertain financial situations, including multiple debts. Debt consolidation was offered as a solution and for a long […]
Did you recently check the present status of your home loan and the progress you are making? If not, it is about time you did that. Why? Tracking your mortgage could genuinely help you to save a great amount of money while, at the same time, you can make your mortgage repayment increasingly faster.
This way, […]
Many Australians use public transport every day, enjoying its many benefits. In fact, public transport in Australian cities is one of the most affordable in the whole world. Compared to the international standards regarding the fares of public transport, Australians pay decent amounts of money for quality services.
Moreover, transport operators also used to encourage this […]
The majority of people eagerly dream of the day they will finally open their own business. Regardless of the domain a person chooses for his/her business, there’s a question that applies to every company that shouldn’t be overlooked – what will differentiate my business from the competition?
Discovering the right business niche that fits your skills […]
Regardless of the person who owes you money, whether it’s a friend, a family member, or your employer, if you’re reading this article, you must know that nothing is more disturbing than trying to recover your money without success. As the holiday season is already upon us, certainly you could use some extra cash to buy […]
The general, common saying that living in rentals equals to throwing money away is certainly not new, is it? And at first, it would seem this way. Rental means you don’t buy the house you live in, compared with purchasing a house that, in time, becomes yours eventually. Still, various aspects are often overlooked concerning […]
With the holiday season just around the corner, a lot of people might find themselves asking the following question – am I happy with the way my life is at the moment? Does my job fulfil my expectations and does it truly satisfy me? You alone know the answer to this question.
So, if you think […]
About twenty years ago, the average Australian home loan was estimated at the sum of $100,000. Things were different ten years before that when the average home loan was under $40,000. And, at the present moment, the reality shows us different and increasingly higher figures. In order to comprehend the way in which everything changed, […]
Everybody makes New Year resolutions, but most of us fail to stick to them. With every start of a new year, we want to change our lives for the best, but because of lack of proper planning and genuine determination, we only follow the resolutions for a couple of weeks, and afterwards, we completely forget […]
With the holiday season just around the corner, everybody is thinking of the best Christmas gifts that would make the loved ones in their lives happy and appreciated. But, most of the times, this season catches us off guard and utterly unprepared, and, all of a sudden, Christmas is only a few weeks away. This […]
There are a number of ways to save money especially if you are unemployed. To those who are experiencing the same thing, it is not the end of the world. It may take quite some time before you find another job and the best thing that you can do is to save your last resources […]
Betting is a form of gambling. Choosing who’s going to win in a game or in any type of competition is called betting. Many have refused to accept that they are indeed a gambler. Gambling is a form of leisure but if it becomes habitual, your quality of life will be drastically affected by how […]
Whether you own a start up business, a small business or a large business, there will come a time when you will need some financial assistance for one reason or another. Most business owners go to major banks and other local banks to apply for business loans but it could be a long journey from […]
Debt agreements are an alternative to declaring bankruptcy. Rather than be haunted by the irreversible effects that bankruptcy can have on your credit record, entering into a debt agreement can give you a debt-free fresh start. They’re becoming the popular choice for Australians in need of debt solutions. Debt agreements are overseen by the Australian […]
A bad credit loan sounds like the type of thing you see written in bright font in a pop-up ad. As someone who needs a bit of help with their debt, you probably want to click on them. But loans for people with poor credit sound too good to be true, don’t they? Well they […]
Owning a pet can be incredibly rewarding, fulfilling and fun over the course of your furry friend’s life, but it can also get quite expensive. We don’t always consider the long-term costs of pet ownership because let’s face it; they’re cute and cuddly so the benefits usually take precedent over the practicality. Adding a bag […]
If you are like one of many Australians with numerous debts, you’ve probably considered debt consolidation. There are quite a few benefits of debt consolidation when you’re facing mounting debts from multiple creditors. Here are the top reasons for consolidating your debt:
You will only have one repayment
When you’re juggling many different repayments – sometimes on […]
Buying shares is a form of investment. People do invest because of various reasons. Some do it out of concern for their future while others do it because they have extra cash and they want to put it in an investment. Setting up an investment is easier compared as before. Nowadays, you can invest online […]
International money transfers are essential type of service that people use to pay, receive and transfer cash in different parts of the world. It is a method usually administered by major banks, financial institutions and identified as one of the safest ways to transfer money. This procedure involves transferring or wiring money from one bank […]
No credit check loans are often utilized by individuals want to borrow cash without going over their credit history. There are several types of loans available but this one is designed for those who have poor credit history. Most lenders refuse to lend cash to high risk loan applicants but there are a few who […]
Self improvement is a continuous process that most successful individuals practice. Success doesn’t happen in just a snap and it doesn’t happen overnight. People work hard for it and how you maintain it is quite challenging. How do they keep the success? Self improvement plays a vital role when achieving to be at the top. […]
In the past, night owls were often considered poor employees because their late night lifestyles led to poor productivity in the office during normal office hours. These days, there is another school of thought teaching us that night owls can be the preferred employee for many different reasons. Now that so much work is done […]
Small and medium enterprises (SME’s) with tax debts owed to the Australian Tax Office are likely to start feeling pressure to repay those debts by now. The ATO is expected to start ramping up actions to get those debts repaid. Debts to the ATO mounted up to $35.3 billion in the 2013-14 period and that […]
Every day you are bombarded with ways to spend your money economically and you might be frugal at the grocery store but it might not be enough to make a difference. If you want to have enough money saved up to retire comfortably then you will have to think smart and use every life hack […]
Many Australian households are feeling the pinch from higher cost of living and other financial pressures. According to a survey by Choice consumer group, increased cost of living has caused up to 65 percent of Australian households to cut back their spending in order to keep up with rising cost. Some of the biggest financial […]
Getting loans for investment properties is going to get a bit more expensive. CBA has recently announced that it will be raising rates on loans for investment properties. Variable rates for investor home loans will go up by 27 basis points bringing the rate up to 5.72 percent.
Investment Loans – Rising Rates
Fixed rates for investor […]
Farmers often go into debt to help keep their farms running. Like many other businesses, the farming industry depends on the availability of funds to borrow to get them through tough times and also help them grow when times are good. Just like everyone else, farmers can fall on hard times and have trouble paying […]
Saving up for retirement is one of the things that everyone should pay attention to and take into consideration. Sooner or later, you’ll realise it’s time to stop working and retire. It would be nice to retire if you have sufficient money and don’t have any debts to pay and worry about. Retirement is a […]
Everyone should have an emergency cash fund. Having emergency cash available will give you a sense of financial security and it will stop you from running up your credit card bill whenever an unexpected cost springs up. An emergency cash fund should be set aside especially for accidents and emergency car repairs since these can […]
If you’re a full-time worker, going on holiday is the best solution to just get away from it all. But sometimes going on holidays can also be stressful if you don’t have enough money or if you’re worried about spending while you’re on holiday if you’re on a tight budget.
Fear not! If you want to […]
A shocking number of Australians have no financial plans at all for their future. A recent survey shows that very few Australians have any financial plans beyond the short term. Short term plans as far as paying bills and receiving paychecks are only the basics and everyone needs longer-term financial plans. Growing your assets and […]
Finding suitable home loans for your needs is a tedious task. A lot of people say that purchasing the house you want to live in will be you single greatest expenditure. So it is important, especially to future lenders that they are well prepared in entering in to this kind of. No one likes getting rejected, especially […]
There are lots of things that can lead to bad credit for small businesses but some things are more likely than most to cause problems for SMEs. All businesses are susceptible to cash flow problems and the trouble can be hiding in a number of places.
Preventing Bad Credit in Small Business
It might sound simple but […]
Credit cards are known to be risky business for some people. If you have trouble balancing your budget every month then taking on a credit card or two should be your very last resort. If on the other hand you are able to balance your monthly budget as well as save regularly then you are […]
It’s that time of the year again, filing for taxes and making the most of tax deductions. It also marks the end of the financial year. It’s the time of sending paperwork to their respective accountants, the time when their tax returns must be compiled. Finding needed receipts can be a hassle if not a […]
The Australian federal budget changes announced on May 12th had many positive points as well as several negative points that you might have missed if you did not pay close attention and read the details.
Federal Budget 2015
The Bad
On the negative side, the federal budget axed large portions of the money devoted to combating climate change. Abbott’s […]
Are you in need of debt consolidation? If so, then you might be surprised to find out how hard it can be to get a bank or non-bank institution to give you a loan to get your debt under control. The advertising and publicity around debt services has made the general public and some brokers […]
It is no surprise that Australian consumers between the ages of 34-54 have been cited as the biggest contributor to the near-record Australian national credit card debt. Half of the surveyed group named as Generation X which comprised of 1200 Australians admitted that they made up to three unplanned purchases using their credit cards each […]
Sydney and Melbourne both have been marked to have a greater chance of mortgage defaults. Both capitals are noted to have been using a large percentage of their household income to pay off their mortgages and this indicates that they may be in trouble of having defaults on their mortgage. Moody’s Australian Housing Affordability Measure […]
Having a relationship with a bank is almost as important as any other business relationship in the life of a small business. To ensure that your relationship with your bank stays in a good place it is best to avoid the most common mistakes when dealing with banks and getting small business loans.
Small Business Loans
Sometimes […]
