Recently, we talked about dealing with debt collectors and provided you with some useful information on your rights and responsibilities.  But what about if your dealings with debt collectors were to go that one step further?  What about legal action? Today, we explain what legal action your creditors can take against you and what you… Read more

In the US, there are more payday loan lenders than there are McDonald’s stores (crazy right?!).  In the UK, the industry is worth more than $3.6 billion. In Australia, annual turnover of the payday loan industry is just over $1 billion. The lifeblood of this industry is hardship and financial stress and unfortunately, recent times have… Read more

A car loan is a common way for us to buy the vehicle we want when we don’t have the purchase price  funds available upfront. If the car loan is approved, the finance company will pay the car seller the loan proceeds and you get to drive away in your new car.  Unfortunately, whilst you… Read more

Your credit file forms a large part of the decision-making in whether you are a worthy credit-risk for the lender. Having adverse listings on your credit file such as defaults, court judgements, a writ/summons or insolvency action can impact your ability to get a new loan, credit contract or other services.  Recently, positive reporting was… Read more

Inevitably at this time of year, our attention is drawn to the dreaded tax return.   Though for some of us, we view it as the answer to our debt problems. At Life After Debt ® we consistently hear from people who delay dealing with their debt problems in the hope of receiving a nice… Read more

Ever missed a payment on your credit card?  Have you then been thumped with unexpected charges from your bank? Banks conduct regular reviews on your credit card limit and interest rate, based on a number of factors of which repayment history is one. Thoroughly check the terms and conditions on your credit card to avoid nasty surprises…. Read more

Loan Consolidation (or debt consolidation) is a phrase used so often and yet one of our most FAQs is “What is Loan Consolidation?” We have put together a quick explainer video to help; https://youtu.be/7HitWOk75r4 The Cambridge Dictionary defines ‘consolidate’ as a verb: To become stronger and more certain; To combine several things so that they become… Read more

Collection action can be scary, especially if you have never been behind with debts.   Debt Collection can be stressful, with some Collection Agents threatening and intimidating you with various “consequences” if you fail to pay.   It can be hard to understand the escalation of action in the recovery process and to help, we have a… Read more