Close to 1 million Australians are experiencing mortgage stress with 921,000 households feeling the pressure in December 2017. Findings revealed 29% of Australian Households are struggling to make their mortgage repayments as their net incomes are not enough to cover ongoing costs.
Topics: Home Loans, Personal Debt
Buy now pay later allows you to defer your payments for up to a year. This lets you purchase and use the product now, but pay for it later giving you time to manage your budget.
Topics: Budgeting, Personal Debt
Are you considering an interest free deal? Spending money that you don’t have is a risky game, especially if you don’t know how the process works. We see a lot of interest free deals tempting buyers to make purchases now rather than later.
Topics: Budgeting, Personal Debt, Interest Rates
Bad credit can sneak up on you before you even realise it. A forgotten power bill, a skipped mortgage repayment, even too many applications for credit cards can impact your credit file. In most cases, these defaults can last for 3-5 years which can make managing your finances difficult.
Topics: Bad Credit Loans, Personal Debt
The Snowball Method is a debt reduction strategy that is used by a lot of people today to manage their overwhelming number of debts. The way it works is, you pay off your debts in order of smallest to largest.
Topics: Budgeting, Research, Personal Debt