6:24 pm 6:24 pm

What Causes Mortgage Arrears?

“Loan Saver Network Director – Colin Kidd” – After many years working in the Mortgage Industry I have witnessed a number of common situations that cause Home Owners to fall into Arrears on their Mortgages. What are the common causes of Mortgage Arrears ?

The first thing to note is that Home Owners suffering from Mortgage Arrears largely find themselves in this situation for the first time having never been […]

3:08 pm 3:08 pm

I have a Credit Default on my Credit File

Top Causes of a Credit Default
Your credit file is one of your most valuable assets; which needs to be protected. An adverse credit rating by receiving a credit default can impact you applications for credit for 5-7 years. Most people don’t realise the impact of receiving a credit default until it’s too late. A credit default can impact your applications for any credit such as obtaining phone or […]

3:03 pm 3:03 pm

Do Mortgage Calculators have Benefits?

Benefits of using a Mortgage Calculator
A Mortgage calculator can be crucial for people who are looking into buying a home. While it is nice to think that people can buy a house without having to deal with a mortgage, most people who buy a home require a loan. The numbers and equations in obtaining a mortgage are enough to confuse anyone. Many people simply talk to their mortgage broker […]

2:52 pm 2:52 pm

The ATO and their view on Taxes owed

Tax Debt and the ATO
We are currently receiving many questions from our clients regarding the Australian Tax Office and their tax debt collection processes, have there been any changes (or more specifically an increase in activity) in the ATO’s collection activities. Read on the understand the ATO’s point of view and their collection process.

Micro/small businesses (turnover up to two million dollars) account for around two thirds of collectable debt.
2,000 […]

2:46 pm 2:46 pm

Structuring Accounts After Establishing Debt Consolidation Loans

Once your debt consolidation has been finalised, the next step is to look at your savings accounts and how your money flows. Setting up your accounts properly can prevent the feast and famine approach to managing bills, mortgage and other loan payments. The feast and famine approach is where the cyclical nature of bills ie quarterly electricity and gas, annual rates, etc. causes periods of no bills and over […]

2:37 pm 2:37 pm

Can someone explain Mortgage related Debt Consolidation?

Benefits of Consolidating Unsecured Debt to your Mortgage
Trying to have a hold on all of your debt can be difficult at the best of times. You may have multiple loans and debts for multiple reasons; debt consolidation can help reduce your overall repayment and manage your debt more effectively. Debt Consolidation is simple; it brings all of the debt together under one single loan. Many people consolidate their loan […]

12:20 pm 12:20 pm

Debt Consolidation Loans – The Facts

Is Debt Consolidation worthwhile?
A lot of us have heard the words Debt Consolidation but are confused about what they mean exactly and how a Debt Consolidation Loan might help. In today’s world, with many of us struggling with paying high interest rates on our debts, such as mortgages, credit card, store cards, car leases and various other kinds of loans, it just takes one unexpected event in life […]

12:02 pm 12:02 pm

What is a Credit Default?

A Credit Default is a negative statement that is put on your Credit File to indicate you have broken an agreement you went into in regard to some form of Credit you have had. Credit defaults may show up for a number of reasons:

Broken Telephone Contract – People are often unaware that the contract for thir phone may total in the thousands of $$$. When a phone service is […]

11:58 am 11:58 am

Credit Defaults and Credit Reports

They are a fact of Life. There will always be a form of record keeping to attempt to track the credit history of a prospective client. For all the misgivings and bugs in the current system, the credit tracking system will be there for the foreseeable future.

A typical Credit Report can contain a multitude of information including:

Given names and alias’s.
Drivers Licence number
Past and Current Addresses
Work Histroy
Credit Enquiries
Paid Credit Defaults […]

11:52 am 11:52 am

Debt Consolidation – Other solutions

Debt Consolidation Solutions – where to start?
Over the last few years Debt Consolidation has been the cliche’ term used to describe bringing all of your loan accounts into one. The point of view is that this will alleviate cashflow issues, or at the very least give you more monthly cashflow to live or do the things you would like to do. Debt Consolidation brings to mind a course of […]