“I've always been a saver and have hated debt with a passion. I applied for a store card to create a good credit rating. It soon became clear that I am not a disciplined spender so I paid off the card and closed the account. This year I bought a...
Recently I had two very disturbing conversations about the world of debt. The first was a conversation with someone from the Credit Ombud about how debt administrators and debt collectors farm debtors’ books. Although this practice is less...
If you only pay the minimum due on your credit card you will remain indebted for decades. The Australian government’s website MoneySmart.gov.au has a very handy calculator that shows you how long it will take you to pay off your credit card based...
Borrowers are invoking their rights against unscrupulous lenders and debt counsellors. A greater awareness by consumers around their rights when it comes to borrowing money has led to an increase in complaints related to non-bank credit...
The DIY Credit Repair Toolkit is a must have for anyone who wants to take control of their debts If you have taken on too much debt and are struggling to manage it; have had legal action against you or even if you are just thinking about taking on...
