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How To Survive And Overcome Bad Credit

When you first learn about your bad credit, it is normal to feel completely devastated. I’m sure that regret, anger and many emotions are running through your head, especially when banks turn you down and you seem to have no other way out except bankruptcy. It’s totally understandable that getting over a bad credit takes time, determination, and discipline. That’s why a debt consolidation strategy can help you come to terms with yourself and with your creditors. You can financially and emotionally heal from a bad financial mistake, but it means budgeting and sticking to your debt consolidation strategy wisely. […]

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Tips and Strategies on How to Save for a Down Payment

Moving into a new house is an equally thrilling and highly anticipated experience. However, it is a pricey acquisition as well; presumably the most important investment that most Aussies will ever make. You don’t need to pay the entire cost of the property at the time of the purchase. Still, in order to close the deal, you should have a substantial deposit saved up. Additional expenses such as the home inspection, closing costs, insurance, and lender appraisal shouldn’t be overlooked, as these account for up to 6 per cent of the total purchase price. So, you might be looking for […]

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Second Mortgages Tips: How To Get Out Of The Credit Card Debt Rut

If you find yourself swamped in credit card debts, second mortgages can be your best option. Sometimes credit cards can put you in a financial situation that makes you miserable more often than it makes you financially secure. Yet, it seems so difficult to get out of debt because it keeps drawing you back in, especially when you own several plastic cards for all your purchases and financial transactions. Here are some ways of using second mortgages if you have finally considered ending your credit card debt for good and rebuilding your credit. Don’t mistake credit card for cash. This is a […]

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Small Business 101: Turn To Debt Consolidation When Everyone Says No

Are you in a time of your life when you really wanted to grow your business but banks turn down your business loan applications? As you can probably guess, bad credit score and low income stifle not only your chances of getting a loan, but also your ability to push forward to your goals. Half the time, many small business owners do not realize that their credit rating is going down because of delayed payments, increased utilization rate and so on. It’s just how credit scoring works, almost like an automatic response to every financial mistake you make. It’s normal […]

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A Practical Guide To Buying Property at an Auction

If you want to get the most value for your hard-earned money, buying property at an auction is a good way to start. But, not all properties sold in auctions are hidden gems. There are lots of drawbacks too. So, here are some tips to help you get the best property at an auction: Ask the auction house if it is a foreclosure auction or a tax lien auction You may ask, “Why is it important to determine the type of property auction?” Remember that when a certain property is being auctioned off, it means the owner was having some […]

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Bridging Finance Explained: Types, Uses and Alternative

A bridging finance loan allows you to buy a new property while waiting for the sale of your existing property. Basically, this type of loan is a temporary mortgage that spans over 12 months. However, in some cases, you may be able to take out bridging finance for longer. Of course, this depends entirely on your lender and their lending terms. So, instead of taking a mortgage, you take out a bridging loan which is a temporary loan. You can buy the new property right away and move there while you wait for your existing home to be sold. Is […]

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Building Passive Income with Rental Properties

Generating passive income is compulsory if you wish to embrace financial freedom. In this direction, property investment has become a widespread practice for many savvy Aussies, which is why you may ask how to make passive income with rental property? That is a common question since many go down this path to retire comfortably. Still, as noted by experts in this domain, accomplishing passive income doesn’t occur overnight, and it doesn’t happen with a single investment property. Nonetheless, rental properties ensure growth in your passive income while a rise in the value of the property enables you to enhance your […]

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4 Things To Do To Prepare For Bankruptcy

Are you thinking about filing for bankruptcy? If you racked up excessive debts and you think bankruptcy is the only way out, here are some things that could help you prepare for the proceedings. List all your income sources and assets Yes, even your part time job is considered as an income. So, include everything that brings money to your pocket in the list. If you have children who are working students and they still stay with you, make sure to include their income if you want to list them as your dependents. If you have a car and other […]

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Ways to Refinance Your Mortgage and Save Money

Refinancing your mortgage is a big decision, which should always be carefully scrutinised. Although this may often seem like the perfect prospect for your situation, as with any other decision, some ins and outs should be factored in. Without further anticipation, let’s have a look at the most commonly met questions regarding mortgage refinancing, and how to save money by choosing this option. Choosing Mortgage Refinancing and Saving Money – A Possibility Similar to all financial decisions you’ll take, a general thumb rule you shouldn’t omit is doing research. Also, discussing your situation with your current lender should be a […]

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Why Business Loans Can Be Your Most Important Growth Strategy

Business loans can be considered as financial assets every small to medium business should consider. With the growing cost of business expansion, such as brand recognition, marketing and sales, businesses will be able to grow more with the right financing. There are many advantages and disadvantages of getting business loans, just as there are when starting a business of your own. But when you spend time working on your business goals while using up your available finances wisely, growing your business exponentially can become a reality. What is the best time to take business loans? Cash-flow is considered as the […]

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