debt consolidation options

Questions You’ve Had about Consolidating Debt But Haven’t Asked

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 […]

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 […]

Debt Consolidation Loans: Quick Fix and Permanent Solution

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 […]

What is the Best Way to Consolidate Debt this 2017?

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 […]

Credit Card Spending was up in 2010

2010 saw Aussies coming out of the Global Financial Crisis (GFC) with their credit cards surging.  In July, there was a banking report that stated we charged goods to our credit cards an astonishing 131 million times for the month.  This figure is greater than any July in history and 3% higher than July 2009.
In addition to putting more on our cards, we are also being more careless about increasing our debt.  In this same report in July, Aussies owed $47.8 billion which is approximately $3,268 per credit card.  These figures were up 6.5% from 2009 or $159 per card.  These are signs Australians spent 2010 thawing from the financial crisis and seem to be spending at a fast rate.  If these figures continued in trend, Aussies may find themselves deep in debt.
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By |May 20th, 2011|Categories: Credit Card Consolidation|Tags: , , , |Comments Off on Credit Card Spending was up in 2010