Debts

Do You Have Bad Credit Due To Job Loss?

personOtto Dargan access_timeDecember 16, 2015

Job loss can be a devastating experience for any Australian. While many people do find their feet again, it can sometimes take a while to find work. In that time, bills and debts can quickly pile up and people who are unemployed can quickly find themselves missing mortgage payments,...

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Do You Have Bad Credit Due To Illness?

personOtto Dargan access_timeNovember 19, 2015

Do you have defaults on your credit file because you sustained an injury or fell ill and couldn’t keep up with your rent, bills and credit card repayments? Are you worried that the bank won’t accept your home loan application? The fact is, most banks will look at your application,...

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Don’t Let Bad Credit Stop You: Get A Great Interest Rate!

personOtto Dargan access_timeNovember 19, 2015

Normally, people with a bad credit history have to go to a specialist lender in order to get approved for a home loan. A specialist lender charges a higher interest rate, which can be anywhere between 2-4% higher than standard interest rates. While this may be the only option...

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Paying Off A Part 9 Debt Agreement Using Home Equity

personOtto Dargan access_timeNovember 18, 2015

Thousands of Australians experience financial stress on a daily basis and the hardest hit are usually families. In fact, the past financial year has seen part IX debt agreements rise by almost 2% to 10,911 and around 15% over the last quarter, according to the latest data from...

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Comprehensive Credit Reporting Is Here: Bad News For Borrowers?

personOtto Dargan access_timeJuly 30, 2015

One of the big four banks has flagged that it will start sharing much more information about customer accounts to credit reporting agencies as part of the so-called Comprehensive Credit Reporting (CCR) system from as early as August 2015. As more lenders get on board, it could...

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How To Get A Home Loan After Being Discharged Bankrupt

personOtto Dargan access_timeMay 27, 2015

If you’re one of 4,400 Australians currently bankrupt or on a Part 9 agreement (Australian Financial Security Authority), you may be wondering when you can start being treated fairly again by the banks and move on with your life. Even after you’re discharged, a record of...

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8 Tricks To Save For A Home Loan

personOtto Dargan access_timeFebruary 12, 2015

Let’s face it, having a regular savings plan was a lot easier when you were younger: you might have been earning a lot less but you didn’t have to keep up with things like rent and bills. You’re probably earning a higher wage now but with property prices continuing to...

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Have You Ever Seen Your Credit File?

personOtto Dargan access_timeDecember 17, 2014

Have you ever seen your credit file? According to the most recent estimates from credit reporting agency illion (formerly Dun & Bradstreet), 9 out of 10 Australians haven’t! In addition, the Australian Retail Credit Association found that 6 out of 10 haven’t even heard...

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85% Tax Debt Home Loan

personOtto Dargan access_timeNovember 21, 2014

Refinance an outstanding tax debt For self-employed people completing a tax return can be complex and time-consuming. It doesn’t always get done on time, mistakes can be made and come tax time you may be hit with a tax debt from the Australian Taxation Office (ATO). Getting...

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How Do Guarantor Home Loans Work?

personOtto Dargan access_timeNovember 16, 2014

Are you struggling to save up enough for a deposit to buy a home? According to the RP Data-Rismark Home Value Index (May 2012-June 2014), the past two years has seen average capital city house prices rise by around 16 per cent. That’s great if you’re an investor. For first...

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