Blog
Budgeting for a Baby: How Much Do You Need?
Posted on: 02 August, 2019 . By: Debt Fix
Having a baby is an exciting time, but it can also bring stress and worry if you haven't got your finances in check. On average, it's estimated that Australian parents spend around $10,000 in their baby's first year alone, but this can be reduced significantly with good planning. The earlier you pr... Continue reading
How to Fix a Bad Credit History
Posted on: 19 June, 2019 . By: Debt Fix
Are you worried about your credit history? If you've been rejected for loans, missed your monthly payments or had other financial troubles in the past, these could continue to affect you for years down the line. Understanding how your credit score works and what lenders are looking for is the first... Continue reading
What Happens to Debts After Death?
Posted on: 05 June, 2019 . By: Debt Fix
No one likes to think about their own death or that of a loved one, but taking steps to improve your financial situation today could prevent unnecessary stress for your family during a difficult time. Family members are not usually responsible for paying someone else's debt, unless they are co-borr... Continue reading
Can a Balance Transfer Credit Card Get Me Out of Debt?
Posted on: 20 May, 2019 . By: Debt Fix
One in six Australians struggles with credit card debt, according to ASIC figures. People who miss their monthly payments can find themselves trapped in a spiral of debt with exorbitant fees and interest rates often as high as 20%. If you're burdened by credit card debt, you should compare options ... Continue reading
Can I Escape Debt Overseas?
Posted on: 06 May, 2019 . By: Debt Fix
Jetting off for a new life overseas is a fresh start, but it doesn't mean you can wipe the slate clean. If you've built up credit card debt, unpaid taxes, a student loan or other borrowed and owed money you haven't paid, it could follow you to your new home or affect your finances from afar. Whatev... Continue reading
Am I Responsible for Someone Else's Debt?
Posted on: 22 April, 2019 . By: Debt Fix
Many people worry that getting married, being in a long-term relationship or the death of a spouse means they will be liable for their partner's debt. This is not the case, but there can be certain situations where you agree to share or take on all the responsibility. If creditors are demanding tha... Continue reading
Should I Take Out a Loan to Pay Off My Credit Card?
Posted on: 08 April, 2019 . By: Debt Fix
Australians owe around $45 billion in total credit card debt. Many people are trapped in a vicious cycle of debt with cards charging interest as high as 20%. If you're struggling under the weight of debt, paying off your credit card with a personal loan at lower interest could leave you better off,... Continue reading
Will Bankruptcy Clear All My Debts?
Posted on: 20 March, 2019 . By: Debt Fix
If you're trapped under a mountain of debt that you can't repay and being hassled by debt collectors, bankruptcy may seem like an attractive solution for wiping the slate clean. However, like any major decision, it needs to be researched carefully to make sure you know the risks. When you go bankru... Continue reading
Good Debt vs. Bad Debt: What Type Do You Have?
Posted on: 06 March, 2019 . By: Debt Fix
No one likes to be in debt, but debt is a necessary fact of life for most Australians. Whether you're buying a home, going to university or starting a business, loans are often the only way to access the urgent finance you need to move forward in life. On the other hand, some types of debt can be l... Continue reading
Credit Card vs. Personal Loan: Which Is More Affordable?
Posted on: 26 February, 2019 . By: Debt Fix
Whether it's paying for a holiday or Christmas gifts, Aussies are prone to reach for their credit cards when they need some extra cash. According to data from the Reserve Bank of Australia and Finder.com.au, the nation spent a total of $29.7 billion on credit cards in December 2018 alone, or $1,863... Continue reading
