Sep 24

How to avoid getting pressured into a debt relief solution

Some debt relief agencies have given the industry a bad reputation. Before 2007 the industry wasn’t regulated very well and companies were not required to be registered to provide services for Debt Agreements. This changed in 2007 and all Debt Agreement Administrators must now be registered with the Insolvency Trustee Service Australia (AFSA). AFSA performs […]

May 29

3 Tips to avoid a personal debt crisis

Keep a record of your debts If you are concerned about your debts, then make sure you keep a full record of them. If you decide to call us for assistance, we will need full details of all of your debts, including: Name of creditor Account number Current amount Date incurred Last payment If you […]

May 21

Strict budgeting can help you get out of debt

Posted by Anthony Warnerin Other debt related articles, Personal DebtPermalink

If you are trying to get out of debt, you will first need a budget to underpin your goal. Once you have prepared your budget you need to stick to it. Sticking to a budget can be difficult but if you want to get out of debt you must be prepared to stick to it. […]

May 03

What is Personal Insolvency?

Posted by Anthony Warnerin Personal Debt, Personal Insolvency AgreementPermalink

Personal Insolvency can refer to one of two things. The term personally insolvent, is just another way of saying somebody is unable to repay their debts. A Personal Insolvency Agreement, is a legal agreement entered into with creditors under the Australian Bankruptcy Act. It is important to understand the distinction between these two terms. In […]

Oct 13

When are other banks cut their Interest Rate?

Posted by Debt Free Pty Ltdin Other debt related articles, Personal DebtPermalink

As you may now National Australia Bank has trimmed its variable mortgage rate, but by little less than the RBA and other major banks, sparking a furious reaction from the Treasurer. NAB would trim its standard variable lending rate by 20 basis points to 7.47 per cent, starting from Monday, 7 November 2011. This move […]

Feb 07