Do not get “snowed under” this Christmas

Its hard to believe but we are only weeks away from Christmas. The “Silly Season” that all too often finds unprepared revelers deep in debt at the commencement of the new year. If you are one of these people who leaves Christmas shopping to the last minute and buys presents “emotionally” rather than “financially” – this article is …

A loan guarantor will not solve all borrowing problems

It is true that often borrowers are able to breach the gap between their borrowing needs and the loan qualification criteria of lenders, by using a loan guarantor. However guarantors can only be helpful in some borrowing situations, while in others they can either add nothing to a transaction, or perhaps not even be allowed to …

Credit repair is not what it seems to be

Given the intense regulation of all financial product marketing in Australia I continue to be surprised at what “is allowed” when it comes to promoting credit repair services. Advertisements promise to wash away your bad credit, creating the impression that all you need is to take up the offered service and your bad credit will be …

Credit options after bankruptcy

We often speak to individuals who have recently been discharged from bankruptcy and who are looking to borrow some money either in the way of an unsecured personal loan, a car loan or a home loan. Unfortunately your bad credit stays with you even beyond bankruptcy discharge and will affect your ability to borrow for …

Budget to a better financial future

Some people simply “switch off” when they hear any talk of budgeting. However these same people will think nothing of applying for a new credit card when their current cards have reached their limits. Certainly there is nothing sexy about the idea of budgeting. For many that idea is associated with needing to go without in order …

Not all debt is the same

Being debt averse can be a good thing, however it is important to keep in mind that not all debt is the same. When borrowing money today, we get to enjoy experiences or assets that we can not yet afford because a lender is happy to offer us early access in return for a lifetime …

Borrowing while in a debt agreement

We regularly hear from people who are in an undischarged debt agreement and would like to gain access to some unsecured finance. Although a debt agreement goes a long way in assisting individuals to bring under control unaffordable unsecured debts, it can prevent you from being able to qualify for any finance before the agreement …

Looking for a credit card with bad credit?

If you are chasing a credit card provider that would be prepared to give you a go, despite a history of bad credit – you are not alone. We regularly hear from people who are unable to source a credit card but are desperately looking for one. Credit cards require clean credit The unfortunate fact …

Credit cards vs small short term loans

Credit cards do not have the best of reputations. We are charged hefty interest rates on outstanding balances, credit cards can be difficult to qualify for and even harder to repay. Also cards have the tendency to multiply. Once you get your first card, it is only a matter of time before you consider card …