Category Archives: Bad Credit Loans

First Home Buyers struggle with debt

According to a recent survey by Mortgage Choice, almost twenty percent of recent homebuyers are carrying unsustainable levels of debt – some as much as $100,000 in addition to their mortgage. Some of this extra debt has gone on to … Continue reading

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Debt Problems start early

Teenagers and young adults living in the Hunter Valley are racking up huge bills and defaults with many facing bankruptcy. It seems that the young have poor money management skills and can not keep up with the set repayments for … Continue reading

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Combatting Credit Card Addiction

If you are permanently juggling credit card bills, increasing card balances, opening new credit cards to transfer balances from old – you need to STOP NOW! Credit Card use can be very addictive. If you are someone who has a … Continue reading

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Australians are ditching credit cards

AUSTRALIAN households are trying to minimize the use of credit cards, in an effort to eliminate debt collected on plastic by more than 10 per cent and reducing the number of cards they own. The average Australian family has reduced … Continue reading

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Debt Elimination Tips for the new year

Now that the festivities are over you have probably accumulated a few more pounds and a significantly larger debt balance.  Like many other Australians  you are probably tired of Robbing Peter To Pay Paul and are looking for some more … Continue reading

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Less is more in 2011

Futurists are predicting a “new conservatism” will take control during 2011 as Aussie households look to minimise spending in the face of escalating living costs. Growing interest rates, utility bills and the lingering spectre of the GFC will bring in … Continue reading

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Saving Money is Sufficient Reward

A large number of Australian credit cards are offered with rewards programs, but using these cards incorrectly can only compound your debt problems. Programs including frequent flyer points, general rewards such as appliances or shopping vouchers, cash-back or instant rewards … Continue reading

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Debt consolidation using your home

As a home owner you have a distinct advantage when it come to debt consolidation. Irrespective of your credit history, if you have sufficient equity available in your property you should be able to benefit from refinancing your unsecured debts … Continue reading

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Most have poor money management skills

A recent survey of over 1000 Aussies has revealed that more than 40 per cent do not know their electricity company, can’t say what rate they are paying on their home loan and do not know if their mobile phone … Continue reading

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Household bills out of control

According to a recent survey conducted by Citi Australia, one in three Aussies is frequently putting one or more family bills such as utilities, car registration and groceries on their credit card, without paying the balance off at end of … Continue reading

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