debt consolidation advice australia

Struggling with credit card debt? Some of your options.

... you thinking about a debt consolidation loan or a credit card balance ... reading "Struggling with credit card debt? Some of your options." ... even the most well-intentioned people.) Debt consolidation loan If you have a mortgage ... require a debt consolidation loan to be secured by real estate. Unsecured debt consolidation loans tend ...

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What can you do if your mortgage gets behind?

... , Fitch, recently reported that home loan defaults jumped up by 12.5 ... ... options like debt consolidation, but do so very carefully. A debt consolidation loan might free ... of debt through budgeting and without taking on more loans. Ask for advice ...

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Home Loans

... cash or pay the loan off faster.A debt consolidation loan can be an effective ... that for your situation, a debt consolidation loan is ideal, or it may ...

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Home Loans

... cash or pay the loan off faster.A debt consolidation loan can be an effective ... that for your situation, a debt consolidation loan is ideal, or it may ...

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Personal Loan Repayment Calculator

... a car loan, debt consolidation loan, equipment loan or other type of personal loan? Use this ... : Choose the loan purpose (car, personal, debt consolidation or equipment finance)Loan amount (how ...

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Lessons from Greece

Unmanageable debt can creep up on anyone. ... ... countries alike, this may include debt renegotiation to make the payments ... an individual seeking a bad debt consolidation loan—the loan may provide some immediate ...

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Leah McNamara: living the dream

It's unfortunate that for lots of people work is drudgery. Another day another dollar, a means to an end. It can feel even more unfair that the rarified few who get to ... disconnected and I had some debts, but then it totally changed. ... did stints in personal budget consulting, office management, and numerous project ...

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Making sense of the banks’ mumbo jumbo

Want to get a home loan? Confused by all the different mortgage products? Here's a handy translation guide for making sense of the banks' mumbo jumbo. ... helpful translations. Interest-only loans are exactly that. The loan payments cover interest ... offer MyBudget clients home loan refinancing, debt consolidation and loans for mortgage or business ...

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Making sense of mortgage jargon (part 1)

... is here to demystify home loan terminology and explain what the ... ... Doc describes a Low Documentation Loan, which is designed mainly for ... offer MyBudget clients home loan refinancing, debt consolidation and loans for mortgage or business ...

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Budgeting for retirement: Is $1 million enough?

Is $1 million in superannuation savings going to be enough to fund a comfortable retirement? Well, that might depend on how you define "comfortable." This information ... a modest retirement. According to consulting firm Deloitte, taking future inflation ...

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Dangers of going guarantor

... off a $150,000 bank loan which they guaranteed … Continue reading ... ... capacity to repay the debt? How will the loan money be used ... and cost to get professional advice from a lawyer or accountant. ...

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RBA interest rate cut: what does it mean for you?

Yesterday, the Reserve Bank of Australia (RBA) cut the official interest rate by 0.25% to 3.0%. What does that mean for you and what will interest rates look like in ... responses do not constitute financial advice. The information provided is of ... MyBudget clients home loan refinancing, mortgages, and car loans with flexible terms ...

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How to get a default removed from your credit file

After writing a post about how to check your credit report, I got a number of questions from people including is credit repair possible? And can default listings and ... , which includes bankruptcy and formal debt agreements, and; Defaults. A default ... do for free. My best advice for improving your credit rating ...

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Gym junkie or junk the gym?

A sure-fire tip for better budgeting is to separate your essential expenses from your optional ones. It's usually obvious which side of the page an expense belongs on ... factors. It goes without saying: Consult your doctor before attempting exercise ...

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Wedding gifts: how much should you spend?

I recently read about a wedding gift incident in Canada that went viral. The story goes that a man and his girlfriend went to the wedding of an ex-colleague. Their wedding ... newspaper inviting readers for their advice. It begs the questions: How ... – certainly don’t go into debt for it. See my wedding ...

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Caught in a cash crisis? The problem with payday loans.

... week from people experiencing a debt hangover from Christmas and New ... crisis? The problem with payday loans." ... consumers are familiar with loan products (home loans, car loans etc.) that advertise ... way out of debt without taking on new loans or further damaging ...

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10% discount on tax services + answers for free!

It's nearly tax time and, after the Federal Budget, I imagine that a lot of people are going to have tax questions. Here are some ways to get tax advice for free ... some ways to get tax advice for free or at a ... with MyBudget handling paying our debts we were able to increase ...

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Manage good debt, minimise bad debt

Good vs. bad debt Living a life which is ... , clothes … Continue reading "Manage good debt, minimise bad ... ... between good debt and bad debt. Good debt is usually associated with loans for ... from it. Bad debt is usually associated with loans for things that ...

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What to do if your car payments are falling behind

Are you behind in your car loan payments? Are you afraid of having your car repossessed? Let's look at your options. ... new loan when your aim should be to eradicate your debt.) The ... of debt using a credit card or taking out more loans is ...

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Debt agreement ads: investigation exposes fox in sheep's clothes

... some Australia's most high profile debt agreement administrators and found that ... consequences of bankruptcy and debt agreements." Part IX Debt ... credit report listings; Indicates that debt agreement administrators are balanced or ... into a debt agreement have only sought advice from a debt agreement administrator ...

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Too many bills, not enough money

... very important to me. The advice outlined in this article-what ... ... very important to me. The advice outlined in this article–what ... to prioritise their bills and debts, most people say that their ...

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First home buyers get into further debt

... five have racked up extra debt on top of their mortgage ... home buyers get into further debt" ... line of credit (a revolving loan secured against your property) or ... your goals while minimising your debt exposure. We're always here to ...

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10 tips to get financially fit

... about how to lose the debt and put on some serious ... ... bad debt is for stuff that loses value. The best advice is ... to avoid bad debt and pay off ...

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Understanding insolvency (bankruptcy and Part IX debt agreements)

... with increasing amounts of unsecured debt. Personal loans, credit cards and mobile ... , and bankruptcy or a formal debt agreement seem like ... with increasing amounts of unsecured debt. Personal loans, credit cards and mobile ... their way out of debt through alternative debt solutions. But what if ...

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The best of times, the worst of times

In all my years of experience helping people get on top of their finances, I've come to understand that no two situations are ever exactly the same, which is why there ... , a personal loan, a study loan and a Centrelink debt. All of Alysa's ... able to pay down her debts and rectify her payments history ...

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10 tips to get financially fit

Are your finances feeling a bit flabby? Are you ready for a financially fitter you? Financial health is a lot like physical health - neither can be achieved without discipline ... due to debt? It might be time to look at loan refinancing ... known as “good” debt. Whereas “bad” debt describes loans for things that lose ...

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Equipping the financial fitness nation: a mini manifesto

There's a lot of talk about financial fitness these days, and rightly so. We have more material things than ever before, and yet financial stress is everywhere. It's ... message your support team for advice. What I just described isn't ... you be saving? Paying down debt? Kicking bad habits? We'd love ...

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Money advice from Jason, a budgeting expert (video blog)

... yourself. MyBudget's … Continue reading "Money advice from Jason, a budgeting expert ... Jason is one of MyBudget’s personal budgeting consultants. His role is to is to help people understand their financial situation and develop a budget to achieve their financial goals. This month, Jason shares his ...

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Feeding picky eaters

... asked around to get some advice about what other people do ... ... asked around to get some advice about what other people do ...

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Vitamin ¢: the cost of nutritional supplements

The nutritional supplement section at the supermarket is growing faster than Woolies' share price. Vitamins, fish oil, protein bars, fibre pills, probiotics, sports drinks ... constitute or replace professional medical advice. If you have concerns about ... health conditions should seek professional advice. For those people, an understanding ...

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Home loan rate cuts: how to budget the savings

... and circumstances. … Continue reading "Home loan rate cuts: how to budget ... ... Do you have any high-interest debt? This is great opportunity to ... cards, charge cards or other loans. Consider this: Paying $100 a ...

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Spending habits that broke the bank

... $40,000 in credit card debt and spending habits that were ... ... years old and our home loan came with a credit card ... commission cheques to reducing her debt and building up her savings. ...

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Stewing over meat prices

When I give clients advice about reducing their supermarket bill, ... When I give clients advice about reducing their supermarket bill, ...

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Mortgage stress rising. Rent or buy?

60 Minutes recently screened a story ('The Big Squeeze') about the rising rate of mortgage stress in Australia. The dream of owning a home has turned into a nightmare ... to rack up additional mortgage debt—some as much as $100 ... minimum required installment on your loan. · Do your research—understand that ...

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The Hidden Costs of Buying a Home — Revealed!

When it comes to buying a house, the deposit is just the beginning. Legal fees, stamp duty, bank and insurance charges, not to mention moving costs, can all add up to ... regularly. Pay off any existing debts Given that interest earnings on ... lower than interest charges on loans, it makes sound financial sense ...

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Happy New Year! Time to set your goals for 2014.

Happy New Year! As the current year draws to a close, it's time to start focusing on your goals for 2014. What do you want to achieve with your finances next year? It ... be debt-free, specify exactly which debts you're going to reduce next ... ? A holiday? Pay down other loans? Top up your super? If ...

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Interest-free finance: how it really works

We'll soon start to see mid-year sales pop up. If you've been saving for something special, the sales might be a good time to go shopping. But retailers will also try ... them didn't understand how interest-free loans work and others got caught ... period for cash advances. Cash loans begin attracting interest immediately and ...

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New budget planning tools for you

... you'd save by increasing your loan payments? Or how much interest ... ... help you get started: Basic Loan Repayments Calculator: Use this calculator ... balance or term of a loan. Extra Repayments Calculator: Use this ...

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Drive down car costs

Over the last few years, motoring associations across the country have reported that the cost of owning a car is skyrocketing. After factoring in petrol, interest charges ... much you are borrowing (the loan principal) plus interest charges, calculated ... need to include registration, insurance, loan repayments (if any), petrol, servicing ...

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How big is your slice of the household debt pie?

... is to measure average household debt as a percentage of average ... ... pie. By 2002, average household debt exceeded annual disposable income, which ... heavily on household debt. Credit card debt and personal loans are other significant ...

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Struggling with mortgage payments? Not saving?

As seen on Adelaide Channel Ten News on Monday 25 October, reported by Sarah Abo…. In recent years, Aussie household budgets have come under increasing financial ... and not regularly saving, this advice is for you. For our ... , car, petrol, mortgage, bills, entertainment, debts, clothing, lunch money – don’t ...

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Spiralling debt despite good income

... find yourself in spiralling, unmanageable debt despite having a good income ... year old … Continue reading "Spiralling debt despite good income ... find yourself in spiralling, unmanageable debt despite having a good income ... had reverted to high-interest bearing loans. “I was paying one credit ...

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HomesVic – Helping Victorian’s Get Homes

As rent prices keep climbing, it can be difficult for Victorian renters to save for a house deposit. The Victorian Government has recently launched the HomesVic scheme ... and existing homes. Reduce Your Loan The HomesVic scheme reduces the ... amount of the loan you require by having HomesVic ...

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What is peer-to-peer lending?

In the age of social networking and social media, it's little surprise that social finance would follow. The ABC's The Checkout, recently ran a segment about peer-to ... have had a stranglehold on loans and social lending is likely ... the fact that a loan is a loan. Peer-to-peer lending has all ...

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A new (free!) magazine for entrepreneurial women

I was recently invited to become a contributing columnist to Samara Magazine, a new online magazine that's designed for women interested in business and entrepreneurship ... reputable bank or a bottom-feeding loan shark. If you're finding it ... the bottlenecks are. If your debts are stretching you, you'll be ...

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Australia leads world for job insecurity

Nearly 40 per cent of Australian workers are now non-permanent employees. Half of them are casuals and the remainder is made up of self-employed business owners, contractors ... take on any debt (that includes a home loan) that would be ...

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How to choose the right insurance for you

"This article first appeared in 'Samara Magazine', and online magazine for women interested in business and entrepreneurship. Please note that this information is general ... , motorbike, boat etc., my general advice is that a vehicle is ...

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Aussies getting serious about saving

... show that Aussies are reducing debt and starting to save again. ... ... that allowed more people into debt and encouraged home owners to ... increasing while demand for home loans has been declining, suggesting that ...

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Money advice from Bianca, a budgeting expert

Bianca is one of MyBudget's personal budgeting consultants. Her job is to help people think through their financial situation and design a budget plan to achieve their Bianca is one of MyBudget’s personal budgeting consultants. Her job is to help people think through their financial situation and design a budget plan to achieve their goals. In this month’s video blog, Bianca shares her ...

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Money misconceptions: four financial fictions

Last year I participated in a fundraising debate where I had to argue for the affirmative team that money buys happiness. That's not my personal opinion, but I was happy ... avoid debt by living within your means. If you're relying on loans ... to make ends meet or your debt has become ...

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Teaching kids good money skills

I was told this great story by a friend whose six year old son recently received a valuable lesson in money management. At the start of the term, Harrison's mum had charged ... budgeting consultants, has this great advice: “Over the course of the ...

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Riding the MyBudget bus to retirement

... heads with credit cards and loans: "At one stage we were ... ... of MyBudget's team leaders and debt agreement experts, stepped in. Suzanne ... all of their cards and loans without affecting their credit rating. ...

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What’s in your credit report? (infographic)

Your credit report stores information about your debts and repayments - information that creditors use to measure your creditworthiness. Let's take a closer look ... report stores information about your debts and repayments – information that creditors ... errors (eg. incorrect repayment history, loan amounts etc.) and fraudulent activity ...

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Importance of saving

Around 3.7 million Australians have no savings. They're living week-to-week with no funds to fall back on should an emergency or unexpected expense arise. It's a scary ... are especially prone to unmanageable debt and credit misuse because they're ... have multiple credit cards, personal loans and a lavish lifestyle. Why ...

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Treading carefully: moving in together

"Living together", "cohabitating, ""shacking up"-call it what you will, an ever-expanding number of unmarried couples are residing under the same roof. There are often ... a testing situation arises. Bills, debts and assets Even though you ... , charge cards, loans, telephone accounts—any bill or debt to which you ...

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7 Ways to Pay Off Your Credit Card Faster

... you stressed about credit card debt? Feel like you never get ... alone. Australia's combined credit card debt is worth around $50 billion. ... But ... alone. Australia's combined credit card debt is worth around $50 billion. ... But this doesn't make debt stress acceptable! We have thousands ...

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5 expenses to review once a year

The end of the financial year is a good time to review your household's biggest expenses. Do it once a year and you could save hundreds of dollars. ... to retain your business. 4. Loans Take advantage of historically low ... ) If you have a personal loan or credit card balance, now ...

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5 dangers of balance transfers

... you're drowning in credit card debt, a 0% balance transfer can ... find themselves even deeper in debt and stress as a result. ... ... you're drowning in credit card debt, a 0% balance transfer can ... find themselves even deeper in debt and stress as a result. ...

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Is peer pressure keeping you poor?

This article appears in issue 4 of Samara Magazine, a free online magazine for women business owners and entrepreneurs. Helping people to succeed and achieve their life ... business model demands going into debt for luxury cars, expensive clothes ... they're unlikely to ever escape debt and become financially independent. On ...

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Savings: how much is enough?

As people take control of their finances and their savings start to grow, they often ask us how much they should keep in their emergency fund. There's no hard and fast ... cash loans to make ends meet. This is how the debt spiral ...

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Mr Obama, please contact MyBudget

... puts the United States' national debt and budget deficit figures in ... ... puts the United States’ national debt and budget deficit figures in ... family spent: $38,200 * New debt on the credit card: $16 ...

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Reflect on your achievements & priorities

... client for swimming against the debt current. The fallout from the ... world debt crisis will continue next year ... ... client for swimming against the debt current. The fallout from the ... world debt crisis will continue next year ...

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Blindsided by unexpected debt

... The couple found themselves in debt … Continue reading "Blindsided by unexpected ... ... doesn't matter what size a debt is,” Rowena tells me. “It's ... story. Their situation highlights that debts can appear out of nowhere ...

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More people using Google for debt help

... our times that the words "debt" … Continue reading "More people using ... ... our times that the words “debt” and “help” featured prominently in ... They want to reduce their debt and get savings behind them ...

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If you think you can, you’re right.

Before 1954 when Roger Bannister ran the first four-minute mile, people said that it was impossible. Scientists said that the human body wasn't capable of it. Nay-sayers ... their story at Man Vs. Debt. Adam and Courtney decided to ... over $80,000 in non-mortgage debt, through a mesmerizing variety of ...

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Turbo boost your budget

Do you need to boost your budget in a big way? I usually focus on small budget changes that add up into big savings over time. But sometimes small changes aren't enough ... job, but she had accumulated debt from overspending. When she sat ... centres. Within two years, the debt was all gone and she ...

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10 cost-wise things to do on a rainy day

Winter is just around the corner, so the usual outdoor distractions-parks, playgrounds, beach visits, walks and bike rides-are going to become less appealing. With that ... , TV shows and documentaries for loan. Some also have toys and ...

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Saving for a car? Budget 30 percent extra.

When it comes to buying a car, the ticket price is just the beginning. On-road costs and running expenses quickly add up. In this case study, we estimate the total first ... If Sara needs a car loan (for say $8,000) the ...

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10 credit card facts you need to know

I got this question from a MoneyTalks reader: "My younger brother has just turned 20 and landed his first regular job. To mark the occasion, he's applied for a credit ... fitness or for decades of debt. So, let's dispel the myths ... expenses crop up. Suddenly, their debt became unmanageable and they found ...

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Fiscal-fantastic resolutions for 2012

... year 2011 has been. The debt bubble has truly burst and ... the way to the top. Debt is undoing entire nations and ... ... year 2011 has been. The debt bubble has truly burst and ... the way to the top. Debt is undoing entire nations and ...

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Beware of CBA credit card offer

When it comes to credit card promotions, I thought I'd seen everything. "Free" frequent flyer points, gift catalogues, prizes, balance transfer offers, zero interest ... a qualifying CBA account or loan” when you apply for the ...

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Fun (and frugal) Father's Day gift ideas

In recent weeks on the blog, we've talked about increasing the amount of joy in our lives by spending money on experiences instead of "stuff". "Stuff" loses its gloss ... bowls) are often available for loan in toy libraries. Play in ...

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How does Australia’s household debt stack up?

Household debt is at record levels in Australia with people going further into the red through larger mortgages and consumer credit. How do your finances stack Household debt is at record levels in Australia with people going further into the red through larger mortgages and consumer credit. How do your finances stack up? Source: Australian Bureau of Statistics

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