Category Archives: Bankruptcy

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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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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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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Credit card payments for a Debt Agreement

It is against the law for people to rack up debts they don’t intend to repay. Surprisingly enough, the Australian government is happy to accept credit card payments in the name of insolvent debtors to cover up front set up … Continue reading

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Mortgage Default leads to bankruptcy

FORMER tennis star Mark Philippoussis has received a bankruptcy notice as a result of monies owed from a mortgage default on his Melbourne home. The lender, Perpetual Trustee Company, applied to the Federal Magistrates Court in Sydney yesterday for ”substituted … Continue reading

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Unsecured Debts – available options

If you are one of many Australians carrying tens of thousands of dollars in unsecured debts, you require an urgent consolidation solution. Sometimes these are harder to find than it may appear. Huge unsecured debts will drain your income leaving … Continue reading

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Advise for the Debt-laiden

If you are one of thousands of Aussies who are seeing their debts growing every month without an apparent ‘way-out’, you should remeber the old adage – “if you always do what you have always done, you will always get … Continue reading

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