Blog Posts

The Effect of Afterpay and Zip Pay on Your Credit Score

The Effect of Afterpay and Zip Pay on Your Credit Score

How does BNPL affect your credit score? Buy Now, Pay Later (BNPL) services can impact your credit score in Australia in a couple of ways: Missed repayments: This is the biggest one.exclamation: If you miss payments on your BNPL accounts, providers with an Australian Credit Licence...

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What is a Mortgagee in Possession – And How Do I Handle It?

What is a Mortgagee in Possession – And How Do I Handle It?

If you have taken out a mortgage, you must know the repercussions of not making your due mortgage payments. A mortgagee in possession is one of the many unfavorable situations that you could face if you default on your mortgage payments. In this article, we will explain the...

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What Happens To HECS-HELP Debt Upon Your Death

What Happens To HECS-HELP Debt Upon Your Death

What Happens To HECS-HELP Debt Upon Your Death? A HECS-HELP loan (which you may also know as student debt) has eased the financial burden of attending university for thousands of Australians. In fact, according to the parliamentary library, more than 2.9 million Australians have an...

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Can I get finance if I have a bad credit score?

Can I get finance if I have a bad credit score?

With a recent report stating that almost 1 in 4 people in Australia having some form of an adverse listing on their credit report, it’s not surprising that we are commonly asked if someone can get approved for finance with a bad credit history. So, if this is something you have...

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Low interest rates – are they good or bad?

Low interest rates – are they good or bad?

A worldwide pandemic like COVID-19 will always dominate the news, however, there are many other hot topics that regularly make news headlines. In recent times think Olympics, elections, natural disasters, the royal family shenanigans – there is certainly no shortage of material for...

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Credit Repair And Debt Negotiation Industry Major Shake Up

Credit Repair And Debt Negotiation Industry Major Shake Up

In September 2020 the Australian Government announced its intention that companies offering debt management and credit reporting assistance will be required to hold an Australian Credit Licence. Treasury provided the below summary for the rationale behind this: “An element of the...

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What’s a financial plan, and why do you need one?

What’s a financial plan, and why do you need one?

Less than 20% of Australian's have a financial plan, yet it is reported that 63% of people with a written financial plan say they feel financially stable, compared to only 28% of those without a plan. Put simply, a financial plan is an overview of your goals and the steps you need...

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How Do Debt Consolidation Loans Work?

How Do Debt Consolidation Loans Work?

If you’re like most people, then you might have a couple (or more) loans that you’re currently paying off at the moment. Paying off more multiple debts at a time is not uncommon. You may have a couple of credit cards and have taken out a loan for a car or home, for example. It’s...

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How Do You Get a Good Credit Score?

How Do You Get a Good Credit Score?

A high credit score will make it easier to qualify for mortgages and car loans, start a business, and, in some cases, secure a job. A bad score can lead to creditors being reluctant to lend to you, or charging you higher rates. Striving for a good credit score is one of the most...

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