When you need help with debt, the promises you hear from companies who assist people with debt negotiations can be questionable, but is it really that easy and can these companies really deliver? Is settling your credit card debts for less than what you owe really that easy? And what are the consequences? If you’re […]

Whether your 2019 goals include getting out of debt, planning for retirement, or saving up for a home, these 5 tips could help you set yourself up for a successful year. Review your Budget: If you’re looking for ways to cut spending because you want to save money or get out of debt, a budget planning […]

Taking a Payday Loan: It sounds like a good way to tie you over till next payday, yet most borrowers will not repay the loan in full when they get paid or might even make their debt worse by borrowing again. Payday loans interest rates can be as high at 48%, this compares to 8% to […]

In the last 6 months, the chances are you have considered writing a budget, thought about a personal loan to consolidate your debts, or needed help with debt. Negotiations is a highly effective way in assisting people with financial problems, without going into Bankruptcy. Three case samples from many more clients we assisted in September: […]

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 […]