Top Credit Card Mistakes to Avoid
Credit card mistakes are not uncommon especially among the Aussies who are using their first credit card. A credit card has many advantages and while it may seem like a piece of plastic that holds your money, appearances can be deceiving and can cost you in the long run. This is why we created this list of credit card mistakes you need to avoid. You shouldn’t be frightened to use your credit card, but you must understand how it works and how to avoid certain things to enjoy its benefits. Forgetting about the Interest Fees Be careful of paying the […]
Refinancing: When Should You Do It?
Loan refinancing can get you out of an uncomfortable financial situation, but it can be risky when you compare it to other options. Every type of financial service that changes the repayment method of a loan should be analysed and discussed with an expert before committing to it. You might end up doing more harm than good, since lower interest rates do not necessarily make the situation better for everyone. When it comes to a loan refinancing, you should analyse every option and aspect of your situation and make a decision. We will see when it’s ok to refinance and […]
Does Fear Influence Your Financial Decisions?
There should be a book on how to make good financial decisions because more and more Aussies are making a lot of mistakes when it comes to money. When fear is mixed with your financial decisions, chances are you will not get the best results. We will present some methods you can use whenever you wonder how to make good financial decisions. Use these methods, so you won’t have to deal with fear whenever you are near a big financial decision. Always save money If you wonder how to make good financial decisions, you must ask yourself what the costs […]
How To Use Low Credit Loan To Your Advantage
Low Credit Loan encompasses any form of deferred payment granted by lenders to borrowers with low credit score. If used properly, it is an effective tool to help you achieve both your short-term and long-term financial goals. But it is one thing to borrow money and to stay on top of your credit. To do that, you have to understand every important detail about the low credit loan you’re taking, the terms of the loan, repayment period, fees and other charges. Here are some tips to help you spot the problems early and keep your personal finance in control: What […]
Things Equally Important As Consolidation Loan Rates
When looking for loans that may make sense for your specific financial situation, you need to understand that there are other factors that are as important as consolidation loan rates. Access to consolidation loans If you want to get the best interest charges and avoid extra charges, shop around. Check various lending websites, talk to your local bank and get as much information about a loan resource before applying for it. Understanding that consolidation loans are liabilities that you have to manage wisely can make it easier for you to make sense of various loan choices. Remember that consolidation loan […]
Short Term Or Long Term Loans?
You may have thought about getting a loan at this point in your life. But, which is better: short term or loan term loan(s)? A loan is a sum of money which you borrow with the intention of repaying over a period of time. You may find a loan for various reasons-but the reality is here. It is simply borrowed-you have to pay it back, with interests. What’s the difference between short term and long term loans? When is it wise to get one? Reasons Short-term If you are looking to pay for minor purchases and you need money right […]
How to Avoid Being a Victim of Personal Loan Scams
The lending industry is growing continuously. As more borrowers take out personal loans, people naturally are looking for financing institutions that could answer their pressing financing needs. There are many legitimate banks and alternative financing companies within the lending industry. Unfortunately there are also a lot of personal loan scams as well. Become a happy borrower by learning to spot genuine lenders as well as con artists with loan fraud schemes. Here are tips to avoid personal loan scams. Check if the company is interested in your credit history Although there are companies that lend you money despite your bad […]
Debt Management 101: What is Bad Credit?
Having a bad credit means you have less than perfect credit because of unpaid or delayed repayment of past loans and other financial obligations. Your bad credit affects multiple areas in your life–your ability to borrow money, to get a job, and to apply for utilities. It is because your credit history is the measure of your creditworthiness or your ability and willingness to repay your debts. So, if you have a bad credit, it means you have a low credit score or you are not creditworthy. You may have a sparkling clean repayment record on your credit cards, but […]
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 […]
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 […]