From the category archives:
A full time office worker, David, was earning a good salary and comfortably servicing his mortgage and loans whilst also providing a comfortable life for himself and his family. However, an unexpected medical condition forced David to leave work for nearly six months for treatment and respite.
On top of this stress, the family were forced [...]
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Most of us have heard the term ‘debt consolidation’ but may be unsure what it really means or how it may be of help in certain financial situations. Modern life is full of pressures, with money matters being a concern for many people. Juggling loans – mortgages, car loans, credit cards – can be difficult [...]
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Home ownership is an aspiration of most middle class families today. Owning a home gives you a place which you can truly call your own. Unfortunately this dream cannot be realised by many people, and problems in securing loans due to a bad credit history is one of the main reasons for this.
Your credit record [...]
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Unexpected circumstances, such as illness or loss of employment, or a lack of a proper understanding of the rules and regulations of loan providers can suddenly see someone with a good credit rating get caught in the bad credit trap. With other life pressures and stress, it’s easy to occasionally neglect financial obligations. This however [...]
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Regardless of nationality, age or gender, everyone strives to live a happy and stress free life. Unfortunately the pressures of work and finances all too easily get in the way of the pleasures of starting a family or business and enjoying life.
Often money and financial concerns are the biggest causes of stress in modern life. [...]
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To understand the pressures of tax debt and what can be done, let’s look at the following example.
Paul is an entrepreneurial businessman who runs his own company selling wholesale tractor equipment from a rented office space. Due to the rapid growth of his business, Paul planned to expand, and started to consider his professional and [...]
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Readers of this blog have queried some of the terms and language used in the mortgage and financial industries. Terms which you will often see popping up on this blog are ‘mortgage arrears’ and ‘home loan arrears’.
When home loan or mortgage repayments are not made on time they are referred as ‘mortgage arrears’ or ‘home [...]
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A mortgage arrears generally occurs as the result of an unexpected change to a person’s professional or personal life. A change in circumstances, such as the loss of employment, a death or illness in the family, or a separation/divorce can cause borrowers to be unable to repay their debts as they had in the past. [...]
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Firstly, don’t worry, you’re not alone. Although Australia has not been hit as hard as the United States by the high rate of mortgage arrears, statistics show that many Australian families are experiencing difficulty in meeting mortgage repayments. In fact, the number of people behind on their mortgage has doubled in Australia in the past [...]
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There are always professionals willing to provide advice and assistance with your financial needs, however it is important to remember that there are limits to what can be achieved depending on your financial situation.
Non-conforming lenders, accountants and solicitors are the best people to turn to for help if you find yourself dealing with a mortgage [...]
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Bad Credit Loans can help you if you are looking to secure a loan but find that your credit history is stopping you from applying through traditional lenders.
