Blog

financial-dilemma

Financial Dilemma: Pay Off Debt or Save Money?

Paying off your debt or saving money? This is a dilemma that many of us encounter in life. It can be a tough decision, depending on your financial situation, but with careful calculations made here and there, you can get a fantastic result. So, how are you going to tackle a situation like this? Here are a couple of solutions: Paying Off Your Debt It’s no surprise that paying the debt can lift some weight off your shoulders. Many Australians want to do it, and some even can, but most of us will be starving the whole month if we […]

READ MORE

Your Guide to Mortgage Refinancing

Mortgage refinancing means paying an existing debt and then replacing it with a new one. So why should someone do this? What are the financial advantages of such a move? Let’s find out in today’s article. Lower Interest Rate Mortgage refinancing can have many advantages, one of them being a lower interest rate. A high-interest rate can affect your finances like there is no tomorrow. Combined with big debts and other taxes, an interest rate can quickly transform your credit score into a bad one. So it’s no wonder why someone would want to replace a high-interest rate with a […]

READ MORE

Can a Loan Application Affect My Credit Score?

Many Aussies are stressed by the thought of having a low credit score or having to use financial services that affect their score. But can a loan really affect one’s credit score? Let’s find out! What Is a Credit Score? It’s a number calculated using the information from your credit report. In other words, if you pay your debts and bills on time, you will have a good high score. If you don’t, you will have a low score reflecting that. The low score can make it harder for someone to get a loan or to use certain financial services. […]

READ MORE

Debt Consolidation Loans – A Final Solution?

A debt consolidation loan combines your unsecured debts into a single monthly repayment. Many Aussies who struggle with massive debt are overwhelmed by this aspect. So, if you don’t want to wreck your credit with bankruptcy, but you wish to ease the debt burden, debt consolidation could be a possible solution. Debt Consolidation Loans – The Benefits Lower interest rate – In the case of debt consolidation loans, you could negotiate for getting a lower interest rate. It is implied that this reduces the total sum of the debt. Lower monthly repayments – If you prefer lower monthly repayments since […]

READ MORE

When to Refinance Your Home Loan

If you’ve had the same home loan for several years now, the chances are that you may need to make some changes to it. Regardless if it’s for better or for worse, your financial situation may have changed in the meantime. Whether you can no longer pay you loans or you simply want to make them more convenient for you, the market today makes it much easier for home loan refinancing. Choosing to Refinance Even if you do not necessarily do it with the intention of refinancing, you may want to keep an eye on your payments and review your […]

READ MORE

What Is A Personal Loan And How Can I Get It?

Personal loans can be used for things such as paying an unexpected bill or consolidating your debt. One of the most popular questions related to the topic are what a personal loan is and how to get a personal loan? We’ll address each. Firstly, you can choose from secured and unsecured personal loans. In the case of unsecured loans, you don’t need to select an asset as collateral. So, in case you default on the loan, the lender cannot take control of your possessions to make up for the loss. Moreover, personal loans have either fixed or variable rates. The […]

READ MORE

Downside of Refinancing

Does refinancing work? Will it resolve the financial issues you’re having?  The truth is this, refinancing without good financial planning cannot make a lasting change in your financial situation—it is only a temporary solution. First, let me tell you what refinancing can do. Refinancing can help you consolidate your debts, save on interests, invest into something that would bring good profits and pay for anything that you need. That’s exactly what every borrower struggling with multiple debts and bad credit look for, right? Well, perhaps it is but without a plan, that alone won’t save your finances from going downhill.  […]

READ MORE

Why Turn To Bad Credit Loans When Debt Collectors Are Harassing You

Bad credit loans come handy when debt collectors go after you. It helps you fix your credit too. Is feeling harassed by debt collectors just the price you have to pay for not paying your debts on time and not getting your finances in order? It doesn’t have to be that way; because being in bad debt doesn’t mean that you are financially irresponsible. Sometimes, you just didn’t have enough cash flow to pay back your loans or you missed payment due to oversight or serious billing errors. What’s bad credit, and what causes it? It’s the number-one problem of […]

READ MORE

Sarah’s Thank You Letter

Hey Team, So today is the big day! I’m finally getting my life back on track. I just wanted to say a quick thank you… I’m very much a believer in “Things happen for a reason”. Two years ago after struggling to get a business loan I stumbled upon your company and my file ended up on your desk. I was certain I was signing a deal with the devil… as to me the loan was somewhat unconventional. Never-the-less it was all above board, and you made it happen when no other lender would. Fast forward two years later, you’d […]

READ MORE

Tips For Using Personal Loans To Pay For Medical Expenses

Stuck with thousands of dollars of medical expenses? Here’s how to save a bundle on medical bills using your personal loans. Set a goal for your health care expenses Establish a simple yet clear-cut medical savings goal. Chronic and critical illness can wash out your savings. Make a plan to save sufficient amount of money to cover your medical costs, in case it happens. Aside from building an emergency medical fund, make sure you have enough money to cover for accidents and other health-related conditions. Do not use the money you allotted for medical expenses on any other expense. Get […]

READ MORE