Short Term Loans

5 Benefits Of Short Term Loans

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! In this article, we discuss the benefits of short term loans.

A short-term loan solves the issue immediately and without all the fuss that comes with larger loans. If you need the money to pay for medical expenses, house reparations or an unplanned trip visit to your family, that’s what short term loans are all about!

5 benefits of getting short term loans

They are manageable!

You can take a $500 loan and that’s it! Small loans were made to fix urgent matters, so take advantage of them! Short term loans won’t keep you up at night thinking how you’re going to manage interest rates and any other additional fees.

Unlike large loans that pose problems and can disrupt your finances, a small loan will help you out. Not being able to make payments on time and worrying about a bad credit score won’t be an issue when you deal with such short-term loans.

Online application

This is one of the biggest benefits of short-term loans. You can fill out a form on the Internet and wait for the money. Skip the road to the bank office and staying in line for hours. This type of loan comes with an online application that will only take you a few minutes of your time while doing it in the comfort of your own home.

Access the funding fast

Skipping the fuss that comes with larger loans also means getting the money faster! This is actually the exact purpose of short-term loans. They have been created for urgent matters that can’t be planned ahead. In just a couple of hours, you can receive the money and sort out your financial difficulties! It’s that simple!

You can customise your payment plan

You can borrow only the money you need, considering that a short-term loan doesn’t come with a fixed sum of money. If you think you’ll be able to pay it back in 3 months, settle a 3-month payment plan. If a 5-month plan sounds better, go with that option. A customisable payment plan allows you to get back on your feet without worrying that you won’t be able to repay the sum in the given period. You choose what’s best for you.

Dealing with a short term loan is easier

Taking a loan isn’t always a burden, especially if you borrow a small amount. Repaying a small loan in a couple of months can be entirely possible for your budget. So, you’ll be able to get out of your financial difficulty, and you won’t have any debts.

Short term loans are a great option to quickly get you back on track- that is of course if you don’t have significant debt. Of course with any loan it is important to take precaution. If you have any questions about short terms loans, read 5 questions to ask when applying for short term loans.

Bad Credit Loans Financial Planning

The Budget Friendly Guide to Moving House Using A Bad Credit Loan

Stay on schedule, use your moving house bad credit loan wisely, without last minute headaches, using the tips below.

Visit the new house to check for maintenance issues

When checking up on your new house for the first time, you need to check if there are things that might need repairs, or even just the slightest bit of improvement. Electricity and water should be available in your new home. Cable and internet should also be installed. There may be some flaws that you previously overlooked in the new house, so check them properly, and don’t spare a corner from being evaluated. If you want to change up things inside your kitchen, do as you please. Make sure that it’s more practical than it is luxurious; the same goes for the living room, bathroom, and bedroom repairs. Moving is already costly, but adding up to the expenses may cause you major financial problems, you could always make the expensive renovations once you’ve already settled in.

Assess the accessibility of your new house to the market, school, and public areas

When moving to a new house, getting used to the new surroundings may may involve adapting to a new routine. For instance, in your old home, the grocery store may have been 500 metres away, however, due to your location change; the supermarket might be closer to you now.

You might encounter difficulties when it comes to your childrens’ school (if you have children). Choosing a new school that is near your house will be beneficial to you for a number of reasons. You won’t be spend as much on fuel if you drive the kids to and from school. Maybe a closer school could mean the kids can walk to school instead.

Consider your public transport options

Accessibility to quality public transport can be one of the benefits of moving house. The bus stop that was two blocks away before,  could now be a five minute walk from your doorstep. Things might be easier for you if you choose the right home in the right location.

Hire a reliable and ethical moving company:

To make the most of your moving house bad credit loan you may need to use a removalist company.  Here are some tips to do it right:

  • Ask around for recommendations. Finding the right company to help you when moving can be quite hard. Consider word-of-mouth suggestions when looking for one. Despite their suggestions and the advice that they have given you, you yourself should make sure that the movers are of a high standard and that the costs are accurate and affordable with no hidden extras.
  • Make a list of the items to be moved. Make sure that you are clear with the service company. Create a list of the right arrangements in advance, to ensure both parties are aware of exactly what needs to be moved.

Be financially ready when you move house

Being financially ready should be number one on your priority list. Moving can be very costly and you’ll need a substantial amount of money to pay for everything. You might want to consider a moving house bad credit loan if you are short of cash. Make sure that you are offered the best available interest rate and fees.

If you want to learn more about our bad credit loans contact Australian Lending Centre today! We compassionately take you through the application process and discuss the terms and conditions of affordable, low-interest loans to help you over the difficult period of moving.

Bad Credit Loans Investment Property Loans Personal Loans

How To Get A Large Bad Credit Loan

It’s no longer impossible to secure a huge amount of bad credit. Despite the fact that lenders view people with bad credit as high-risk borrowers, specialised lenders will agree to the deal as long as you submit the right application. In fact, not all lenders look at the credit score at its face value. Some lenders may actually refuse someone with a high credit rating due to failure of meeting other lending requirements. Find out how to get a bad credit loan below.

It is a new niche market

Lending has changed since the big bank tightened their rules around lending. A bad credit lending institution will grant some loans despite a low credit score as long as the loan applicants are willing to improve their scores. If you are unable to secure affordable loans from mainstream lenders, you may still be able to access funds from a specialised lender if you meet their criteria.

Bad credit loans backed up by collateral will increase your chances of getting a larger loan

The presence of collateral reduces the risk for the lender; should you default on the loan the lender will be able to use the collateral as reimbursement.

The key is to offer collateral that matches the value of the amount you would like to borrow

There’s a huge difference in offering $2000 worth of collateral for a $30,000 bad credit loan. The value of the attached asset must be equivalent or higher than the loan it secures.

Income outweighs a poor credit score

While it is not easy to get approval for unsecured loans, lenders will look favorably on applications with proof of substantial income as it validates your financial capacity to repay the loan. Mainstream lenders usually require tax returns, payslips, account records and other forms of documentation to verify proof of income.

What if I can’t prove my income?

Specialised lenders like Australian Lending Centre use other means to verifying your credit rating and capacity to repay the loan. This means you can still obtain a loan despite the absence of some documents required by traditional lenders.

Cosigners assure lenders that no matter what happens, the monthly repayments will be made

If you cannot offer collateral equivalent to the value of your loan, you can look for a cosigner who will then be considered as your security option. Consigners guarantee lenders they will receive the loan repayments on time. If you were to default on your loan your cosigner will fulfill your debt obligation on your behalf.

But, there’s a catch – your cosigners must have excellent credit history. They must prove that their income is substantial enough to cover your repayments if you fail to do so.

Online lending has a bad reputation of making people with bad credit vulnerable to fraud. How do I make sure that a bad credit loan is suitable for someone like me who is struggling with debt?

Online lending is a convenient financing platform. A lot of people can easily apply for finance by simply completing an online form that only takes a few minutes to finish. However, it is your responsibility to differentiate a genuine company from a fraud.

First, look into the company profile

A lending firm that does not reveal its address nor gives away company information is a huge red flag. Be careful who you supply information to. Legitimate lenders will ensure the privacy of your personal details by using tight security measures whilst fraudulent firms will most likely use those details for illicit actions.

Second, check the comparison rates.

Don’t just focus on the interest rate. Australian companies must always list a comparison rate next to their advertised interest rate. The comparison rate is the true cost of the loan, it factors in the interest rate, fees and other charges that may be associated with the loan.

Third, study your financing options

If your situation is not desperate it is always better to consider your options and take your time when making decisions. Choose the loan that secures your debts and builds your credit at the same time. Additionally, be sure to borrow only through a stable financing company with a good reputation.

Look for a reliable and reputable lender that offers practical solutions to your financing needs. Make sure you only sign with a lender that gives you an affordable interest rate despite your low income and/or sub-par credit score. Remember that bad credit loans can help you build a strong financial profile, which will ultimately qualify you for a better future.

Bad Credit Loans Financial Fitness

Top Downsides of Loans for People with Bad Credit

Bad credit is something that almost every Aussie struggles with at some point; the only difference is the magnitude. If you’re in a position where your bad credit reaches the lowest of points, then you may be affected more than you can imagine. While bad credit loans provide opportunity for those who are told no by banks, there are downsides of bad credit loans.

There are several lenders out there offering loans for people with bad credit. Every one of them seems like a gift sent from above if you are looking to borrow money. Keep in mind, that if you have bad credit, you will not reap the same benefits as your friend with clean credit. The reasoning behind that is simple: the bank trusts them because have always paid their loans on time. You, on the other hand, will be presented as a red flag.

Here are the top downsides of loans for people with bad credit

1. You’ll pay more in interest

When the bank looks at your application, all they will see is that red flag saying “risk” to them. Most of the time, you will end up paying more in interest than you would for the actual loan. If you take out a loan as a person with bad credit, you’ll pay a lot of money for a longer time span. Where the regular loan would have been done in one year, the bad credit one may take up to three years or more. Worse off, that’s money you won’t even be allowed to use.

2. It may affect your credit score

Here’s a thought: if you borrow money, it means that you reached a point where you are so tight on cash that you can’t go forward without borrowing. Keep in mind that this money needs to be paid back in full, and then some – so imagine what would happen if you can’t pay that money when you are required to.

When it comes to loans for people with bad credit, keeping up with the monthly payments is a great challenge, so you’re bound to miss a payment or two at some point – which will show on your credit score. If that score wasn’t bad enough, imagine what would happen after you fail to repay the loan.

3. You’ll have more fees to cover

Traditional loans have their own fees. They do not compare with the fees that you’ll have to handle if you are going for loans for people with bad credit. These fees may include:

  • Origination fee: These fees are required to process your loan application, and also open the loan if approved.
  • Late payment fee: Unfortunately if you are one minute passed your deadline, you will be charged a fee for being late. The more you put it off, the more that fee will grow.
  • Check use fee: Some bad credit loans will charge you an extra fee if you decide to use check withdrawal.

Bad credit loans sound dreamy and all that – until you have to pull out your wallet and pay up some fees that you normally wouldn’t be required to.

4. You’ll need collateral

You will need to bring out some collateral when it comes to loans for people with bad credit. They will need the certainty that you will pay the loan. That can only happen if you feel like your house, car or your other belongings are in danger of being confiscated by the bank.

Not all lenders ask for collateral; however, keep in mind that those who do not ask will require that you pay even more in interest.

Loans for people with bad credit can be very useful to get back on track, as long as you make peace with the downsides. At Australian Lending Centre, we are there to help you in a pinch and offer you a convenient repayment plan with competitive rates – or simply give you some advice. Contact us for a free consultation or a free assessment for a loan catered for you.

Personal Loans

Unsecured Loans: Godsend or Nemeses?

Lending products fall into two quintessential categories: secured and unsecured loans. Today, we will talk about unsecured loans, the pros and cons to choosing one, and the situations in which they are likely to be the best options for you. Let’s get started!

Unsecured Loans

An unsecured loan is both issued and supported by a borrower’s credit worthiness. In comparison to secured loans that include collateral or an asset as security, an unsecured loan doesn’t provide an asset as a guarantee. In most cases to get approved for unsecured loans, borrowers must have high credit ratings, since that is the only guarantee that confirms their reliability.

The benefits are evident. To begin with, you don’t have to provide an asset as security. That means you won’t risk any of your valuable assets. Secondly, the application process is quite easy. You can have the money in as little as a few hours.

And thirdly, unsecured loans typically offer flexibility when it comes to the purpose of the loan. In other words, you can use the money for whichever purpose you want: to invest, consolidate your debt, so on and so forth.

Unsecured Loans: Godsend or Nemeses?
Unsecured Loans: Godsend or Nemeses?

While getting an unsecured loan seems like a good idea since you don’t have to provide a guarantee, there is more to it.

Evidently, unsecured loans are greater risks to lenders as they cannot repossess your collateral if you default on the loan. As a result, the interest rates are much higher. On that note, it’s best to know what to expect when you decide to take out an unsecured loan.

When it comes to unsecured loans, the debt-to-income and credit score requirements are much stricter. These loans are provided almost exclusively for the most credible borrowers only.

Unsecured transactions are the riskiest for lenders. Hence, that will also limit the borrowing amount. In other words, if you need to borrow a significant sum of money, you might be unable to do so.

What Happens If You Default an Unsecured Loan?

If you default a secured loan, the lender gets possession of the collateral to make up for the financial loss. On the other hand, if a borrower defaults on unsecured loans, the lender is unable to claim property. At first, the creditor will aim at contacting the borrower to try to get payment.

In the event in which the creditor and the borrower cannot reach an agreement, the creditor’s alternatives are the following:

  • He/she can take action and commission a collection agency to take the borrower to court or collect the debt. If the borrower is unable to make repayments, things can get ugly.
  • The court may rule in the lender’s favour. In such a case, a lien could be placed on the borrower’s wages or any other possession. Either way, the borrower will be ordered to pay off the debt. During this process, legal fees can pile up quickly.

How to Compare Unsecured Loans


Numerous lenders offer promotional incentives when it comes to unsecured loans. That’s why you may might find it difficult to make a decision.

Consider the following factors in making your decision making process.

  • Interest rate. Undoubtedly, the interest rate is one of the most significant aspects you should factor in. As a general rule: the lower the interest rate, the lower the repayments. Make sure you compare various interest rates before you seal the deal. After signing the loan forms, there’s no turning back, so choose wisely.
  • Fees: Next on your list of priorities should be the fees the lender charges, apart from the interest rate expenses. For instance, if you intend to repay an unsecured loan earlier than specified, you are likely to be charged for doing so. That’s not all; you might also be charged if you wish to make additional repayments to minimise the life span of the loan.
  • Additional repayments: Some lenders allow borrowers to make additional repayments at no extra cost. Make sure you discuss this aspect.
  • Redraw facility: Redraw facility enables you to withdraw the extra payments you’ve directed into the loan. This is a helpful factor, especially in the case of an emergency when you’re in need of cash.
  • Minimum and maximum loan amounts. All lenders establish minimum and maximum lending amo Although there is no guarantee that you’ll be eligible for those amounts, being informed in this respect is definitely recommended.

To sum up, unsecured loans aren’t all bad just as they aren’t all good. It’s up to you to analyse your individual circumstances before sealing a deal. Taking out a loan isn’t a decision that should be taken lightly, and this is the key to doing what’s best for you.

If you’re uncertain about choosing a lender, contact us today for a free consultation and advice. We know how challenging it can be to find the best lending product, which is why we are eager to help by supplying loans that meet your situation.

No Credit Check Loans

Bad Credit History? Get a Loan that Doesn’t Require a Credit Check

Bad credit can make it difficult or even impossible for someone to get a loan until the defaults and all the bad listings have been cleared off. However, there are situations in which you can’t afford to wait that long. Put yourself in a lender’s position: would you lend money to someone that has proven they cannot be trusted? Someone from whom you don’t know for sure you’ll get your money back? Perhaps not. But with a loan with no credit check, your credit history remains hidden! You can take advantage of a no credit check loan and receive the funding you need without judgement of your past mistakes.

Let’s delve a little deeper into the notion and see how exactly these loans work.

No Credit Check Loan Trivia

1. Why would somebody lend money without checking the credit history?

The main reason why some lenders don’t care if your credit history is clear or not is that they’re not concerned with your financial past. No credit check loans don’t have anything to do with your previous loans.

If you have enough income to make the monthly repayments when you should, without getting penalties, then these lenders don’t see you as a threat. If you have a job that pays really well, then you’re more likely to get your loan quicker. Since your present situation allows you to take the responsibility of a loan, then this is enough for them to grant you the requested loan.


2. Can these loans be tailored to the applicant’s needs?

As long as you can keep your end up, then yes, some lenders will be more than happy to fix the date of the monthly repayment around payday, or whenever you get paid.  Setting the date closer to your payday increases their chances of getting their money.

Mind that not all lenders will be equally excited to do this, so you may need to conduct extensive research to find the ones who do. At Australian Lending Centre, for instance, we will fix the dates depending on how you can pay, so you have full control of your finances. This is just a way to make sure that you pay up without problems every month.

3. Do no credit check loans come with exorbitant interest rates?

Not necessarily, but it is a possibility. It really depends on how trustworthy you appear in the eyes of the lender. If the interest rates are not high, you may still need to pay some good money for fees. But considering that you’ll be getting your loan, that’s your last worry.

Research is imperative when you want to get such a loan. There are hundreds of lenders and hundreds of offers. You must make sure you choose the best one, so you don’t get in trouble again and default on the loan. Just take some time to understand what you are getting yourself into and pick your lender wisely.

4. Can I get the loan quickly?

Yes, as little as within 24 hours. Moreover, most lenders allow you to fill in and send your application online, which facilitates the entire process quicker. Be very careful when you search lenders on the Internet. Do not give your personal information to those that do not look legit.


5. Who is eligible for no credit check loans?

There are not many strict criteria, so pretty much everyone can apply for such a loan, no matter if you have good or bad credit.

However, you must be at least 18 years old and have a regular income. Also, it may be necessary that you provide evidence of your employment. Moreover, the lenders will check if you have another active loan or other significant expenses.

6. What should I keep in mind before applying for a loan?

Every applicant has a different purpose for his/her loan. But no matter the reason, there are a few standard questions that each of them should be asking. For example, can you afford this loan and pay it in time? Because if you do not, you risk paying some additional fees.

Also, you should always do your research in order to avoid the hidden fees that you could be charged with at any time during your loan.


No credit check loans are extremely beneficial, but your priority should be to repair your credit, not accumulate more debt. There are plenty of ways in which you can get your credit history and credit file back on the right track.

Some lenders are far from having good intentions; they may get you in debts you cannot pay back so that they make a profit off of you. Don’t do this alone. Talk with somebody that can recommend some trustworthy lenders to you and try to do as much research as you need before signing that paper.

Personal Loans

Does Getting a Personal Loan Affect Your Credit Score?

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. But does getting a personal loan affect your credit score?

Problems can start to appear when you’re trying to get a home loan and financial institutions dismiss your application. On the other hand, taking personal loans can actually help your credit score if you’ve never applied for a loan, or dealt with banks up until now. An absent credit score doesn’t mean you have a good credit score. It means that financial institution will be sceptical about you, due to not having any type of information regarding your income or taxes.

Let’s take a look at the impact that personal loans can have on your credit score. Also, let’s see why and how we can address this situation.

How Can Personal Loans Improve Your Credit Score?

  • Just by taking a loan, you start to build up your credit score
  • Paying back the loan proves that you are a worthy and valuable borrower
  • Repaying the loan even faster than the due time shows that your finances are doing great
  • Never skipping payments is a sign that you haven’t taken more than you can afford
  • An active credit history will get you extra points on your credit score
  • Maintaining your account open, even after you’ve settled your debt shows you are a loyal client
  • Personal loans registered on your name reveal that you are mature and Thus, you’ll receive another couple of points on your credit score.
  • The fact that you’ve taken and repaid a personal debt makes you eligible for a home loan, or car loan if the need arises.

How Can Personal Loans Lower Your Credit Score?

  • Failing to make regular payments for your loan will bring you a bad credit score
  • Co-signing on someone else’s loan can affect your credit score as well, for the better or for the worse, depending on whether that loan was paid on time or not
  • Payment defaults and overdue bills do not reflect well on your credit score
  • Refused personal application loans will make it harder for you to get a loan in the future
  • Taking personal loans without first calculating how much you afford to pay each month will not benefit you in the long run
  • Having no sort of credit history also means having a zero credit score, which again, is not good
  • Paying a personal loan 60 days after the due time will lower your credit score greatly
  • Increasing the usage of your personal loan by more than 30% is not recommended.

Personal loans can affect your credit score for the better or lower it up to the point where we’re no longer eligible to apply for a home loan with fixed interest rates or different features that we may like. Keeping your credit score balanced can be done so always try to make regular payments.

Low Doc Loans

3 Important Factors to Consider When Applying for Low Doc Loans

Are you applying for low documentation loans? Learn more about them and the factors to consider when applying for low doc loans.

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 back on, and such little time to make quick decisions, especially if it’s a medical emergency, where would you get the stash of cash you need? When you’re a small business owner or self-employed with no tax returns or financial documents to submit to banks, low doc loans can be the most logical, if not the only choice.

While you may be in a rush to apply for the first low doc loan option you come across there are important things to consider when choosing the most appropriate loan alternative for you.

Here are some of them:


Not everyone can apply for low document loans. Only self-employed borrowers who have legitimate reasons for not submitting proof of income, such late filing of tax returns, can apply.

Low doc loans do not require the usual documents used by banks and big lending forms to verify income, such as payslips, financial statements and tax returns. Instead, you are only required to sign an income declaration form that will be the basis of their assessment. Most lenders ask low doc loan applications to declare their assets and liabilities and some lenders may ask you to include this in your income declaration form. During the assessment, lenders usually check whether your income, assets and your age match.

At the Australian Lending Centre, our team of loan specialists strives to keep the proof of income and documentation at a minimum. If an income declaration is the only thing you can present, well, that’s enough for us! Who knows? You may qualify for a loan of up to $3 million.

Interest rate

One of the big factors to consider when applying for low doc loans is the interest rate. It’s important to shop around and make sure that you get the lowest one available in the market, without the hidden charges.

Low doc loans offered by some banks and financing institutions may come at extra costs because of reduced financial documentation. One strategy is to present more financial document to lower the interest rate. You may be required to pay extra fees and charges and higher deposits. Others require security such as investments, cars and other properties. But you want none of that; we can offer you the most competitive rates suitable for self-employed borrowers without the heavy paperwork. We are also known for fast turnaround and processing times.

Credit rating

Finding low doc loans with lower interest rates is difficult when you have a bad credit rating. You may need a little more time to get your good credit rating back, as it would depend on your credit payments. But, if don’t have the luxury of time or the money to pay them as soon as you can, the Australian Lending Centre offers low doc loans for people with bad credit. You may want to avail of our low doc car loans, home loans and personal loans. You may also try our low doc investment loans to support your dreams.

Learn more about our low doc loans. Contact us today!

Refinance and Refinancing

Why Should You Consider Refinancing Your Home Loan?

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.

  1. Home Loan Refinancing has lower interests rates

This is the main reason why Australians take into consideration refinancing their mortgage. The easiest way to figure out if it’s worth the trouble to switch your home loan is to calculate if the costs of the refinancing will be paid off in the next two years.

Interest rates and fees can build up, so don’t just look at the lower interest rate that comes with refinancing. Take into consideration all the fees implied in the process.

  1. It’s more compatible with your renovation project

Home loan refinancing brings benefits to homeowners who desire to invest in structural renovations that aren’t compatible with personal loans.

Refinancing allows you to use the equity in your property as collateral. This is an option only if the value of the house outpasses the cost of renovations.

Some home loans don’t offer the option for a construction loan, so you may just have to go into refinancing in order to find one that fits your needs.

  1. Consolidating debts is a good option

Home loan interests rates are lower, and this is why many people add their personal loan or car loan to their mortgage. Dividing the payments over the course of the next 25 to 30 years will ensure much smaller monthly payments, but raise the interest rates.

You could benefit from this option of refinancing if discipline and regular payments are something that you’re used to. You could add a personal loan to your house loan, but instead of paying it off for 25-30 years, choose to pay it over the course of the next five years. This will allow you to sort your personal debt faster and even save almost 75% of the interest rate that you would have spent by prolonging the payments to suit your house loan.

  1. Refinancing offers flexibility

If you’ve come to the point where a fixed rate isn’t your best alternative, and you want and actually can pay out the loan faster, then home loan refinancing is an alternative. Being able to pay according to your income will get you out of debt faster, and it also comes with the split facility, a redraw facility, and an offset account.

  1. When mortgage payments are too big

Sometimes, our finances can’t support the mortgage payments and we’re forced to look for an alternative that requires a smaller amount per month. Even though the interest rates could go higher, there are times when our budget isn’t able to cover the payments, so refinancing is in order.

Home loan refinancing comes with advantages and disadvantages, so before taking the step, see if it will suit your needs!

Bad Credit Loans Debt Consolidation

Common Budgeting Mistakes to Avoid

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, the feeling you get when starting it is quite exciting because you believe you can spare a lot of money. Because of this feeling, many Aussies tend to make a budget they cannot afford or respect because it’s too strict.

Many articles advise people to use the money in order to achieve the things they want, but in most cases, they also recommend to cut the budget allocated for fun, discretionary spending, or indulgences. When reading such an article and being excited to spare more for your goals, you can easily be tempted to allow no money for these activities. But not spending at all on your entertainment is not possible so that you will do it anyway. In the end, you will still dispense an amount of money for these needs, but you will be disappointed because this will affect your budget. Why end up frustrated because you were too excited at the beginning? When planning your budget, try to be realistic and avoid making it too strict. Allow yourself “fun money”, but not too much.

Planning it without a purpose in your mind

Having a goal is an excellent way to motivate you to stick with the budget you made. So what is your purpose? Why are you saving money? For instance, if you still have to pay your student loans, or you have debts, budgeting is undoubtedly a wise choice. When you know that you must save money for a particular goal, your motivation is boosted. On the other hand, it is easier not to respect a budget when you don’t have any purpose. You don’t need debts to have a substantial reason to spare money. You can think about your house renovation you have dreamed for so long, a new car, a motorcycle, etc.

Not considering irregular expenses

When budgeting, keep in mind that you must include the irregular expenses, even though they do not “pop up” monthly. Some are quarterly, others are annual, and so on. For instance, consider the holiday spending, car insurance premiums, school supplies, car maintenance, home repair projects, and pet vaccinations. Additionally, don’t forget that utility bills are higher in winter and summer.

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Best Last Minute Christmas Gifts

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 is where our guide comes to the rescue – keep on reading to get inspired with ideas for best last minute Christmas gifts. We wish you the best of luck and happy shopping!

Christmas gifts for travelling enthusiasts – “Where I’ve been” scratch travel map

This is a great Christmas gift idea, especially for those who are keen on travelling. It is a map that is covered in a particular kind of sheet you can scratch off. Scratching the map on the parts that the travelling enthusiast has visited will be utterly exciting, and fun as well. Of course, you can also opt for booking a vacation for your beloved one. It depends on your budget.

Spa gift card

Out of Christmas gifts inspiration? If you wish to spoil your significant other, you could opt for offering her a spa gift card. Whether it’s a card for getting a manicure, facial, or even a relaxing massage, your loved one will genuinely adore being pampered and look her best during the most beautiful season of the year. Take it from us. If not, you could consider a spa skincare set, for your loved one to create a spa day at home. You can take your pick.

Concert tickets

Getting concert tickets for your dear ones is a great, effortless idea. You don’t have to shop around, be it the case you are a terrible shopper. If you know your dear one’s preferences in music, purchasing concert tickets to his/her favourite artist is simply great. He/she will love the gesture.

Charitable donations

This is a great idea for a last minute Christmas gift, and it works, especially if the person you intend to get the gift for is interested in this kind of thing. Still, before making the donation, consider the person’s interests. For instance, if your dear one loves animals very much, then make the donation to a charity organisation concerned about it. Or, if your dear one has fought cancer in the past, make a donation on his/her behalf to such an organisation.

If you have any trouble in the financial department, enquire with Australian Lending Centre to get you sorted before Christmas!


What is Bitcoin?

Understanding Bitcoin

More and more Australians are becoming aware of something called “Bitcoin”, even though many of them aren’t quite sure what it is. Although a recent phenomenon, Bitcoin has already managed to capture the imaginations of many people from different backgrounds and from all walks of life. Bitcoin is somewhat a form of currency. It’s like currency in the sense that you can use it to buy goods or services at establishments which honor Bitcoin. In the past, there were not many companies which would be willing to accept it as a form of payment. However with each passing month, it seems that more websites are announcing that they are willing to receive it as payment.

Bad Credit Loans

5 Ways to Increase Your Chances of Getting Loans Approved With Bad Credit

It will inevitably be more difficult for you to obtain a loan if you are suffering from bad credit. As you explore your options, you will realise that your choices are limited. Borrowing can also get more expensive. If you are struggling to get loans approved with bad credit then you’ll be pleased to know there are bad credit loan solutions available.

These days, it can still be possible for people with poor credit to get approval for their loan applications. Here are five ways that can help you increase your chance of getting loans approved with bad credit.

The Process To Get Loans Approved With Bad Credit

1. Apply for a loan from a credit union.
While most lenders use credit scores as a basis for approving loan applications, credit unions will be more sympathetic and considerate to lend money even if you have poor credit. Such organisations derive money from individuals and other investors, not from banks. But those are still profit groups. Credit unions, no matter how compassionate, will still aim not to lose money. Those can set specific criteria to approve bad credit loans.

2. Use security or collateral.
This really can give you the upper hand when it comes to getting loans approved with bad credit. Having an asset like your home, land, car, or boat can be an advantage. You can use any of those as collateral to secure your loan. This is because if you are securing your loan against a physical asset, then lenders are more willing to take a risk. Most loan providers will be more than willing to provide you with loans and implement competitive or lower interest rates. However, the loan amount may directly depend on the equity or valuation of the collateral. Just strive harder not to fall into default as it may lead to repossession of the property.

3. Find a guarantor or co-signer.
You can instantly increase your chance of getting a loan approval even if you have poor credit if you can have a guarantor or co-signer, who has a good credit score and a constant source of income. You may ask your family members, relatives, or close friends to do the favour. Just be aware that if you will default on the loan, your co-signer will be forced to pay the loan amount on your behalf. Convince your guarantor that you have no intention to put him/her into a compromising situation.

4. Try to correct your credit report.
If you have doubt about your credit score, then did you know you can check it for free? There can be significant errors that are currently affecting your credit rating. Poor credit may be due to previous unpaid bills that had already been settled. Or your record may have included loans or delinquencies that you really did not incur. Credit rating agencies may also commit errors in reporting. Don’t worry because they are also open to correcting their own mistakes.

5. Declare or present your savings account.
There is no need to have huge savings. Even with small savings, you can possibly prove to loan providers that you are financially stable and you are on track to rebuild or improve your credit record. This can also serve as an assurance that you will have funds to repay your loan if ever you experience a shortage on your regular or fixed income.

By following these 5 simple tips, you can boost your chances of getting loans approved with bad credit. It’s a lot easier than you might think, but if you have any questions then we’ll be happy to help. You contact a specialist here.