Blog
Paying Off Debt vs. Saving for Emergencies
Posted on: 15 September, 2017 . By: Debt Fix
It is often hard to choose between paying off a debt and saving for emergencies. This brings us to the age old question – “Should I save up or pay off my debts first?” To answer this question, let’s look at the pros of both sides of the argument. In Favour Of Paying Off De... Continue reading
How To Save Up For A Vacation!
Posted on: 30 August, 2017 . By: Debt Fix
Longing to go on vacation but still have debts to pay? Everyone needs and deserves a vacation once in a while to relax, rest and rejuvenate. But sometimes financial stress can make it hard to save up for a vacation and cause you to put it off altogether. But don’t fret! Here are some ways you ... Continue reading
4 Main Reasons for Loan Rejections
Posted on: 15 August, 2017 . By: Debt Fix
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
Rate Hikes Driving Home Loans Arrears
Posted on: 28 July, 2017 . By: Debt Fix
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
Normalising Debt vs. Living debt Free
Posted on: 13 July, 2017 . By: Debt Fix
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
4 Questions to Ask Yourself before Buying a Home
Posted on: 27 June, 2017 . By: Debt Fix
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
Personal Insolvency Rates Fly High
Posted on: 09 June, 2017 . By: Debt Fix
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
4 Types of Debt to Avoid
Posted on: 26 May, 2017 . By: Debt Fix
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
5 Tips to get over your Debt Hangover!
Posted on: 12 May, 2017 . By: Debt Fix
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
3 Ways to Immediately Improve Your Savings Habit
Posted on: 27 April, 2017 . By: Debt Fix
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
