When talking about money and finances, debt consolidation (a.k.a loan consolidation)  is combining several debts together, usually achieved by applying for a new loan. The new loan needs to be sufficient to pay out all other debts, thereby “consolidating” the outstanding loans, bills, cards and debts into a single loan. The general consensus is that… Read more

With unemployment figures set to rise and a slowing economy, many Australians may find themselves having problems repaying debt.  A recent Dun & Bradstreet survey revealed many people expect to increase their debt amounts by using credit cards and other forms of credit, with credit highest amongst the 18-34 age group.  A drop in property… Read more

When thinking about making a big purchase there are a number of variables to consider. Whether you are simply buying a new flat screen television or a lounge suite, choosing a new car, or taking a big step like putting down a deposit on a house or apartment, it is important to look at your… Read more

Are you currently thinking about buying, renting or selling a house? Maybe you are in the market right now for a new home and need to sell your old place first, or perhaps you are looking to move out into your first shared rental with friends, and are worried that you will not be able… Read more

Whether you are still in the early stages of your working life, or are getting closer to retirement, it is important to think about your financial situation and savings for retirement. It is ideal to be debt free before you hit retirement age, but sometimes this is a tough goal to have. The following are… Read more

Are you facing unmanageable debts and struggling each month to pay your lenders? Many people continue with the burden of debt at levels that have become too difficult to manage. The fact is that you do not have to. One option to solve your unmanageable unsecured debt is applying for a debt management plan. What… Read more

The level of debt amongst teenagers is alarming governments. The dangers of not teaching teenagers how to cope with money can lead to unmanageable debts. Most teenagers are vulnerable to debt because they lack a clear understanding of debt management and how credit works. The wide availability of credit and mobile phone debt are the… Read more

It is extremely easy to get a credit card and just as easy to get into credit card debt. With the current card rates increasing, paying off credit card debt has become an impossible mission. Purchase and cash advance rates on some credit cards, particularly some low rate credit cards, have gone up by more… Read more

Many people cope with the burden of debt at levels that have become difficult to manage. A good way to gain back control over your debt is to find out what started it. We’ve listed 5 common bad habits that lead to debt disaster and bad credit score. A little discipline and behaviour changes should… Read more