All of us suffer through stages in life where money is tight. Luckily for us, there are certain expenses that we can quite easily do away with, for instance cable television, gym memberships, and dining out at restaurants. Despite this, there are other expenses that we simply can’t avoid. Rent, debt repayments and school tuition […]
These days, saving money is a plan that every person hopes to achieve, though generally it can be a difficult task for most families. Rent, bills, groceries, and everyday essentials add up quickly, leaving most families with little to no savings. Being able to save money and enhance your life appears to be a paradox, […]
The New Year is unquestionably a great time to reflect on the previous year and make some resolutions to improve ourselves. Most individuals’s resolutions focus on being healthier, improving their career, or improving their financial position. Now most of us know how tough it can be to stick to our New Year’s resolutions, so it […]
Congratulations! You’ve successfully fulfilled your three year period of bankruptcy and have been discharged, so now what? You’ve obviously taken the most suitable steps to resolve your financial difficulties by declaring bankruptcy, and all your debts are well behind you now. Bear in mind though, there’s still a lot of work required to get your […]
Christmas can be a wonderful time of year. Spending quality time with your extended family, going on holidays, giving presents to loved ones, and certainly the acclaimed Christmas dinner! It’s indeed a time for giving, and with this comes expenses. It’s very easy to go overboard with family trips, presents, and heavenly foods; to let […]
If you have been given a bankruptcy notice or court order you must act promptly to prevent future pain. Owing someone money known here as a creditor, can be any person or organisation to whom you owe money. If you’re unfit to pay money to a creditor, the creditor will connect with the Australian Financial […]
Today in the news, former economics advisor John Adams proposed that Australia is too late to avoid an ‘economic apocalypse’ regardless of his repeated warnings to the political elites in Canberra. He proceeded to request the Reserve Bank to raise interest rates to prevent household debt getting further out of hand. This bubble is easy […]
There is unfavourable news for company owners who have an ATO debt as of 1st July 2017. Small businesses will want to be careful of ATO Bankruptcy since the ATO may impart details of your tax debts to credit reporting agencies like Veda Advantage and Dun & Bradstreet. This will make it far more problematic […]
A credit report is a specific document that lists your history with creditors and has a significant effect on your future financial capabilities. Having a ‘good’ credit report is typical as long as you pay your bills and debt repayments on time. Having said that, overlooking a repayment on a bill or debt repayment can […]
There’s no question that bankruptcy isn’t the best scenario to be experiencing. There are some harsh financial consequences involved and it’s a very intricate and stressful process that will affect you financially for several years to come. Ending up in mountains of debt can transpire very quickly, and lots of individuals end up in this […]