There are countless reasons why it pays to use a broker when shopping for your home loan, and even if you want to use your own bank for your mortgage, you can still use a mortgage broker to process paperwork and manage the application on your behalf. But if your heart’s not set on using […]

It’s my view that the Insolvency Industry is very much like the funeral industry, a necessary service that helps all stakeholders transit through the death experience. Recently I have had to pay for a funeral and I realised it costs more to liquidate your business than to die. This should come to no surprise considering […]

Why should you help your client? It’s a good question, many financial specialists have their own problems and don’t want to be tied down with a past client in financial trouble who won’t make them any money. However, it pays to help your client, this is why: Happy clients are happy referral ports for your […]

We split these key methods into a week schedule, here is what we found: Monday: Get on the phone or email, contact past clients and current referral partners, provide them with useful information, and no sales talk or asking for business – become their trusted adviser. Your aim here is building a strong and long-lasting referral […]

The advent of cloud-based accounting systems has proven to be game-changing. But even the cloud itself could pale in comparison to blockchain technology, which is potentially one of the most disruptive technologies to affect the entire business world. CSIRO’s Data61, Australia’s data innovation group, says Australia must be at the forefront of blockchain technology. We […]

debt savings credit card hardship debt mediation debt negotiations debt relief debt solutions Seeking a debt solution by accumulating more debt is a false economy, without a proper exit strategy all you will be doing is placing a heavier debt burden on your future. For debt relief solutions, there is a dumb way of using […]

When dealing with the banks, there is only one rule, be honest and proactive. In terms of Debt Collection Agencies, this is a different story. An Agency will collect on debts that are usually beyond 3 months in arrears. You’re going to achieve the best possible outcome if you follow these rules: Be honest and […]

Previous options for businesses in financial trouble were pay your bills or follow the insolvency process. Not much of an option if your business is suffering temporary financial trouble. Insolvency must have its place in the business world, for no better reason than to properly facilitate the closing of a business, Insolvency must have its […]

What we have learnt from past Royal Commissions is the Chief Commissioner can investigate wider elements from their core focus, for example, banks third-party relationships. Already, Malcolm Turnbull is urged to include the Superannuation industry in the Chief Commissioners enquiries. Fringe services and relationships in the banking industry, like Mortgage Broking, will most certainly be […]

Financial harship Laurence Hugo is the director of Credit Mediation Service Pty Ltd, negotiation specialist assisting consumer and commercial entities with debt problems.   Communication This can make all the difference when dealing with the bank. If your bank does not know why your account is in arrears then they’ll follow an operational procedure in […]