australian debt

Are You Falling for these Debt Consolidation Traps?

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 […]

Many Australians Are Turning to Debt Agreements

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 […]

By |November 4th, 2015|Categories: Debt Management, News|Tags: , , , , , , , , , , |Comments Off on Many Australians Are Turning to Debt Agreements

Why Should You Choose Debt Consolidation?

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 […]

By |October 13th, 2015|Categories: Debt Consolidation|Tags: , , , , , |Comments Off on Why Should You Choose Debt Consolidation?

Tax Time – How to get organised to make most of tax deductions

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 […]

By |June 4th, 2015|Categories: Tax Debt Loans & Relief|Tags: , , , , , |Comments Off on Tax Time – How to get organised to make most of tax deductions

Reserve Bank Issued Personal Debt Warning

It is an obvious statement that all is not as well as it could be at the moment for many economies around the globe. This week has seen shock waves in the US market with the collapse of financial powerhouse, Leyman Brothers.
In a speech to business leaders in Sydney this week, Glenn Stevens, Governor of the Reserve Bank, said Australia has been affected by the global credit crunch, but much less than other countries.

Mr Stevens said the massive rise in household debt over the past 15 years may be coming to an end and could be replaced by a rise in government borrowing to fund infrastructure projects.

“There is also a chance, it seems to me, that households might seek to contain and consolidate debt for some time,” he said. […]

By |May 24th, 2011|Categories: Debt Management|Tags: , , |Comments Off on Reserve Bank Issued Personal Debt Warning

Australian Borrowers Cautioned to Curb Spending

Borrowers have been urged to stem their spending over the approaching festive season, as the world financial markets remain unstable. As the end of the year starts to approach, the Christmas holiday period is a common time to splurge on those gifts and leisure activities, without as much concern about the bank balance. This is one of the most common times to accumulate debts.

However the head of Consumer Advocacy at a mortgage corporation Lisa Montgomery, warns it is “an area of spending which traditionally tends to blow out over the last few months of the year and invariably leads to a New Year hangover.” […]

By |May 24th, 2011|Categories: Financial Planning|Tags: , , , , , |Comments Off on Australian Borrowers Cautioned to Curb Spending

Government Survey Gives Insight into Australian Debt

It seems Australians are not entirely money-conscious when it comes to entering into debt, as a recent Federal Government report has found.
The latest survey conducted by the Financial Literacy Foundation has divulged details about the general attitudes towards credit and debts amongst the Australian population.

The nationwide survey found, 21% of respondents will get into debt by buying things they cannot afford, and 17% pay only the minimum amount owing on their loans. […]

By |May 24th, 2011|Categories: Debt Management|Tags: , , , , |Comments Off on Government Survey Gives Insight into Australian Debt

Australian Households Struggle Under Mounting Financial Pressures

Australian households are feeling the financial strains of the global economic crisis as the Christmas season draws to a near. With oil prices still high, the Australian dollar buying fewer than 70 US Cents, and economies around the world slowing, the trickle down effects are showing.
Living costs are at a record high, grocery prices both on the rise. Christmas often stretches the family finances further, making it even more difficult to make ends meet. […]

By |May 24th, 2011|Categories: Debt Management|Tags: , , , |Comments Off on Australian Households Struggle Under Mounting Financial Pressures

Unemployment Predicted to Skyrocket

The Australian unemployment rates are expected to rise as an onset of the global economic recession.
There has been much speculation in past months about the flow on effects for Australians in the wake of the global financial crisis. It seems that unemployment will be a major casualty.

John Quiggin from the University of Queensland prophesises, “Australia has not been hit, but a lethal cloud of fallout is gradually drifting southwards” The economic downturn is having an impact on households nationwide, with slowing businesses and increased living expenses. However with the global economies being slowed by Governments in attempts to stem the economic recession, so job opportunities will continue to become scarce. […]

By |May 24th, 2011|Categories: News|Tags: , , , , , |Comments Off on Unemployment Predicted to Skyrocket

Credit Card Debt on the Rise

Banks are hiking credit card interest rates, forcing many consumers into debt.
Recent research from a National newspaper suggests that at least 5 major credit card providers have increased their interest rates within the past three months. This comes as a rude awakening for many as the Reserve Bank’s recent cash rate cuts of 2% should have seen the interest rates for credit cards drop. […]

By |May 24th, 2011|Categories: Credit Card Consolidation|Tags: , , |Comments Off on Credit Card Debt on the Rise