Category Archives: Debt Consolidation Loans

Debt consolidation for home owners

Most people applying for debt consolidation help are looking for a personal loan to consolidate their unsecured debts such as credit cards, store cards, other personal loans etc. However few take the time to consider that their cheapest debt consolidation … Continue reading

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Consumer Sentiment squeezed by Global Turmoil

The recent turmoil on financial markets has had a significant impact of the confidence of the Australian consumer. People are worried about loosing their job, loosing money in the stock market, declining values of superannuation, uncertainty about interest rates, housing … Continue reading

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Aussie families struggle with debt

Aussie families are spending almost half their income paying off debt, paying  power bills, covering transport costs and simply putting food on the table. The day-to-day financial struggle is such a concern that Australians are worrying more about rising living … Continue reading

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Debt Turmoil for Aussie Families

A new study reveals that one in seven Australian adults is under such financial strain that they are unable to afford insurance cover for their homes and cars, a new study shows. It seems that over 2.6 million Australians would … Continue reading

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Credit Cards getting more expensive

Credit card users are now paying a lot more for their credit cards than they might realise. With the cost of living escalating more and more households are resorting to using credit cards to cover the family’s weekly expenses. Many … Continue reading

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Aussies Put Bills on Hold

Escalation prices for electricity and other utility bills have contributed to over 1.1 million Australians being late in the payment of their bills over the past three months.Many have fallen into payment arrears. Veda Advantage, a credit information agency, has … Continue reading

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Credit Card Applicant financial position requires detailed review

Finance companies offering high volume, low value credit products, such as credit cards, will need to refer to specific financial obligations of the borrower before qualifying the application. Responsible lending obligations under the new credit law require all finance providers … Continue reading

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Twenty Percent of Aussies have Debt Problems

According to the bi-annual Debt Study conducted by Veda Advantage, 21% of Australians are experiencing difficulties with debt management, with one in five people interviewed admitting not being able to keep on top of their Debt Obligations. These figures represent … Continue reading

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Aussies get better at avoiding the debt demon

It seems that more Australians have learned to use credit cards wisely by repaying outstanding balances within the interest-free period. In fact the banks are beginning to feel the pain of the large numbers of people who have simply stopped … Continue reading

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2010 was a bad year for small business

Data collated by Dunn & Bradstreet for 2010 shows that more Australian firms failed during 2010 than during the global financial crisis. The very small family business was the most to suffer. It seems that closure of small businesses with … Continue reading

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