bad debt

Struggling with Bad Credit? Choose No Credit Check Loans

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 […]

By |January 30th, 2017|Categories: No Credit Check Loans|Tags: , , , , , , , , , |Comments Off on Struggling with Bad Credit? Choose No Credit Check Loans

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

How to Avoid a Default

It is a mortal sin for every loan borrower to fall into a default. That is because doing so would lead to bigger trouble. If you default on a loan, your loan provider may take various types of action, which might all be disadvantageous to you. First, you may face the burden of litigation. Second, you may be imposed with more penalties. Third, your collateral might be repossessed. And lastly, your credit history would surely be eroded. […]

By |August 6th, 2011|Categories: Debt Management|Tags: , , , , , , |Comments Off on How to Avoid a Default

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

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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By |May 20th, 2011|Categories: Debt Management|Tags: , , , , |Comments Off on Bad Credit Debt

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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By |May 20th, 2011|Categories: Debt Management|Tags: , , , |Comments Off on Good Debts and bad Debts

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

Avoid Having A Bad Credit Rating

If you haven’t paid your bills, or if you’ve had your power cut off, your car repossessed or skipped payments, exceeded credit card limits or defaulted, you could be refused a loan or be charged a higher interest rate by most banks and lenders.

Credit files contain records of overdue payments of 60 days or more […]

By |September 24th, 2009|Categories: Bad Credit Loans|Tags: , , , , , |Comments Off on Avoid Having A Bad Credit Rating