1. How Does Debt Consolidation Work

Debt Consolidation is the process refinancing a number of existing loans as well as debts such as credit cards, store cards and unsecured personal loans into a single loan. The new loan amount will represent the total of all the smaller loans and ..  read more >

2. Debt Consolidation Australia

Debt Consolidation is the replacement of multiple loans and debts such as credit cards, store cards, unsecured personal loans with a single loan. While the single loan may be larger than several individual loans there are generally a number of good reasons for doing this. read more >

3. Debt Consolidation Loans

Most people find themselves in debt because they do not have a sound financial plan or budget. Once in debt they need a sound debt management strategy. One of the best debt management strategies is to consolidate all your debts ..  read more >

4. Part 9

Part IX of the Bankruptcy Act defines a process for entering into a debt agreement with your creditors. Debt Agreements are a simple and legally binding.... read more >

5. Part 10

Part X of the Bankruptcy Act provides a process by which you may make a proposal to your creditors which is then voted upon by them at a formal meeting. It is an alternative to bankruptcy. read more >

6. How To Get Out Of Debt

What does it take to get out of Debt? For a start, you should take a serious look at how much your family earns and how much it spends on a monthly basis. Begin by tracking all of your expenses and all your income for one month.   read more >

7. Should You Avoid Debt?

Debt in itself is not a bad thing. There are different types of debt some of which can help you grow your wealth over time and others may hinder your wealth creation process. Knowing how to use debt correctly is the key. read more >

8. How Can I Reduce My Credit Card Debt?

Years ago it was necessary for everyone to learn the skill of saving, as those who could not save, were not able to make a purchase. Today, credit is fast and easy and the common skill of saving is hardly common.. read more >

9. Debt Consolidation With Bad Credit Rating

Many people believe that there is no way to receive a debt consolidation loan with bad credit; however this is not true at all. There are many programs in Australia set up to help you with your debt consolidation loan, even if you have no credit or bad credit.  read more >

10. What Is Informal Arrangement?

Your creditors can be contacted and informed of your financial position. They may be willing to assist by giving you more time to pay, or agree to renegotiate the loan amount or loan payment terms. read more >

11. What Are Arrears?

Arrears are late payments. If you have not been paying your bills on time, you are classified as being ‘in arrears’. While arrears on unsecured debt may not be recorded instantly on your CRAA report... read more >

12. What Are Defaults?

Defaults are Arrears that remain unpaid for an unreasonably long period of time. If you have a default you will find that the credit provider will generally report your default to the CRAA. This in turn will have an adverse impact on your credit rating.. read more >

13. What Is Debt Agreement?

A debt agreement, also known as a Debt Settlement, is a simple method for you to enter into a legally binding agreement with your creditors. It is a negotiated compromise with your creditors which could result in... read more >

14. Alternatives to Bankruptcy

With creditors pressing you for payment, bankruptcy may seem attractive, however it should be avoided if at all possible. Once bankrupt it is difficult and expensive to undo if you change your mind...read more >

15. Debt Relief

If you are struggling with growing debts, Debt Consolidation is an option you must consider. Debt Consolidation enables you to consolidate several debts into one. This process has the potential of reducing your monthly repayments and helping you to pay off your overall debt sooner.. read more >

16. How Do I know If I Have Bad Credit?

With most finance, insurance and loan application you are asked to sign a "Privacy Act" Declaration. If you read the fine print before you sign, you will realise that you are providing the lender with authorisation to check your Credit rating as per CRAA... read more >

 

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