FacebookBlog
 
Free Assessment - Call Now

Blog

4 Main Reasons for Loan Rejections

loan rejection

What Are Some Reasons for Rejection of Loan Application? Applying for loans can be a hard and tedious process that requires a lot of time and perseverance. That’s why when loans get rejected, it can be very frustrating and discouraging. It is important to know and understand the main reasons ... Continue reading

Tags:  Loans

Rate Hikes Driving Home Loans Arrears

Sold homes are getting harder to pay off as interest rates increase.

Standard & Poor’s, a global ratings agency, have confirmed that recent rate hikes by major banks are a factor which has contributed to the rise of national mortgage arrears. This means that an increasing number of households are falling behind on their mortgage repayments partly due to ris... Continue reading

Tags:  Mortgate Repayment

Normalising Debt vs. Living debt Free

normalising debt

With Australian Household debt rates rising higher than ever, it’s easy to normalise your debt as everyone begins to think of debt as normal. But normalising debt can lead you to fall into deeper debt, causing a debt-cycle. So instead of taking out another loan to finance your next purchase, f... Continue reading

Tags:  Debt Advice

4 Questions to Ask Yourself before Buying a Home

what to ask before buying a home

Buying a home is a big step for a lot of individuals, couples and families. However, rising household debt in Australia indicates that many home buyers are jumping into home ownership before they can really afford it. Here are 4 things that you should consider before purchasing a house: Why do a... Continue reading

Tags:  Home Loan

Personal Insolvency Rates Fly High

Personal Insolvency Rates Fly High

Recent data published by The Australian Financial Security Authority, suggests that total personal insolvencies in the March quarter of 2017, saw a 10.8% increase compared to that of last year. The 7,900 new personal insolvencies ranged from all categories including bankruptcies, debt agreements and... READ MORE

Tags:  Personal Insolvency

4 Types of Debt to Avoid

types of debt to avoid

In the course of our lives many of us are often forced to take our some form of loan in order to fund our daily needs. However, this can lead to a pile up of debt that creeps up on you before you even realise it. Here are four types of debt that you should avoid and ways to prevent taking out a loan... Continue reading

Tags:  Debt Management Tips

5 Tips to get over your Debt Hangover!

getting over your debt hangover

With Australia now sitting at an all-time household debt high of over $1 trillion, it’s no surprise that the FCA (Financial Counselling Australia) headlined mortgage stress as a top contributor to Australia’s “debt hangover”. The CEO of FCA went on to express that 30% of Aus... Continue reading

Tags:  Bad Debt

3 Ways to Immediately Improve Your Savings Habit

improve your savings

Embracing a saving culture is one of the most important decisions you can ever make in life. Saving enables you to prepare for the unexpected and plan for life after retirement. You need to do everything possible to develop a saving habit. It needs to be something you enjoy doing instead of a burden... Continue reading

Tags:  Budgeting

New Australian Credit Requirements

australian credit card requirements

Applying for credit cards, loans and mortgages just got a whole lot harder – or easier, depending on how good you are at making repayments. With amended privacy laws, new national credit reporting requirements have increased to allow lenders access to a much more information about a customer&r... Continue reading

Tags:  Credit Card Debt

How to Stay on Budget When you’re in Debt

staying on budget when in debt

All people should be taught the value of making a monthly personal budget. If handled properly, a good budgeting process can help people achieve their personal financial goals without an over-reliance on consumer debt (personal loans and credit cards). In some circumstances, people who fail to budge... Continue reading

Tags:  Budgeting

Recent news

Categories

Debt Fix Reviews