Blog
How to Get Approved for a Loan
Posted on: 22 June, 2018 . By: Debt Fix
Whether you're applying for a mortgage or a personal loan, you need to have some assurance that your request will be approved. Not only is a loan rejection disappointing and demotivating, it could also make it harder to get approved from other lenders, as the rejection may show up on your credit rep... Continue reading
Do You Really Need a Credit Card?
Posted on: 15 June, 2018 . By: Debt Fix
Australians are relying on their plastic more than ever. According to recent figures from JD Power and RBA, credit card use increased by 18% last year and the average credit card debt now stands at $1,990 per person, the highest in two years. If you're thinking about getting a credit card, it's imp... Continue reading
Comprehensive Credit Reporting
Posted on: 07 June, 2018 . By: Debt Fix
Are you ready for comprehensive credit reporting? From 1st July 2018, all of Australia's big banks are required to provide more information about their customers' spending and saving habits. This allows lenders to see a more detailed account of your credit history, both positive and negative. ... Continue reading
7 Budgeting Tips for New Parents
Posted on: 04 June, 2018 . By: Debt Fix
Having a child is a life-changing experience, and that extends to your finances. New estimates from the Australian Institute of Family Studies put the cost of raising a child at $170 per week for a low-income family ($680 per month) when you add up food, clothing, school and other expenses needed fo... Continue reading
Australia's Household Debt Hits Record High – and Still Climbing
Posted on: 22 May, 2018 . By: Debt Fix
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Australia's household debt-to-income ratio now exceeds 200 percent, making it one of the highest in the developed world. This means that the average Australian family owes more than twice as much in debt as it earns from wages and other sources of income. Total consumer debt is now around $2.47 mil... Continue reading
Is Now the Time to Refinance Your Mortgage?
Posted on: 16 May, 2018 . By: Debt Fix
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With house prices continuing to drop across Australia and lenders competing to offer the lowest interest rates, now could be a good time to secure a new home loan before the inevitable price hike. Switching your mortgage could save you thousands of dollars or give you more flexibility, but this is ... Continue reading
How to Turn Your Old Junk into Money
Posted on: 29 January, 2018 . By: Debt Fix
Is your home or garage getting cluttered by old appliances, outdated electronics, DVDs you never watch and clothes you never wear? You're not alone. A survey by the Australian Institute found that 88 percent of homes have at least one cluttered room, which makes 40 percent of people feel anxious, g... Continue reading
New Year's Resolution – Becoming Debt Free
Posted on: 29 January, 2018 . By: Debt Fix
For many people, the New Year can be a powerful motivator to make positive changes in their lives – as long as you set realistic targets that you know you can actually stick to. Resolutions tend to focus on health and lifestyle changes, which is great, but you shouldn't miss the chance to g... Continue reading
5 Things that Financially Successful Individuals Do
Posted on: 22 December, 2017 . By: Debt Fix
Financial security may seem like something that you can only dream about achieving. However, there are several things that financially successful people do that has allowed them to obtain this goal – and you can get there too by following their advice. Here are the 5 things that financially... Continue reading
How to Save Money this Holiday Season
Posted on: 08 December, 2017 . By: Debt Fix
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The holiday season is among the more expensive times of the year for many people. After all, you may spend a modest fortune on holiday gifts, seasonal foods, travel, special events and more. With the holidays approaching, you might already be feeling the financial strain associated with these and ot... Continue reading
