An easy guide to freedom from credit card debt Paying off credit card debt can seem like an insurmountable task. You seem to be making headway on that dratted balance and then, before you know it, your fridge dies or it’s Christmas time again and that balance starts to creep back up there again. If […]

The key is your own community, here you have the advantage as you are playing on the ‘home ground’ in front of the ‘home crowd’. Therefore, it has to be a key part of your marketing strategy. It’s the oldest form of business development, as old as the corner store and the shoe shine guy […]

What is a Zombie Debt? The statute of limitations puts a cap on the time a creditor has to collect on your unpaid debt, 6 years in each state and territory, 12 to 15 years (depending on the State & Territory) for Judgment debts. In other words, if 6 years passes without a payment on […]

The idea of defaulting on a loan fills even the most stoic of us with dread. Owing money we don’t have, having debt collectors calling/knocking/emailing and the inevitable blemish it will leave on our credit rating; is it any wonder that people tend to busy their heads in the sand when it comes to taking […]

CONTACT YOUR BANK OR LENDER The first, and most immediate way to deal with mortgage arrears is to contact your bank. Having a good relationship with your bank is key, as is open and honest communication. Your bank does not want to lose you as a customer. If your payment history has been consistent and […]

How is your Credit Score determined*? Your personal details (age/location/time at employment) The type of credit providers you have used (bank/utility company/credit union) The amount of money you have borrowed The number of credit applications/enquiries you have made Any unpaid or overdue loans or credit Any debt agreements or personal insolvency agreements relating to bankruptcy […]

Running a successful brokering firm comes with its own challenges and hurdles. Upwards of 35% of brokers close their doors within 12 months of starting their business, and over 60% of SME’s in general, will close their doors within 3 years due to financial hardship. Sobering statistics. There are a lot of perks to being […]

If you want to manage your money responsibly, you probably already know that you should review your finances at least once a month. You might check your bank account for unauthorised charges and make sure your bills are all paid. But you may not have a complete picture of your finances if you aren’t reviewing […]

Childhood is a time of learning and discovery. A lot of our core beliefs and habits are formed during our younger years including the way we think about/handle money and spending. We grew up with the knowledge of our parents earning salaries, paying mortgages, moaning about debts and of course, paying us pocket money. The […]