How Many People Have Bad Credit in Australia?
Your credit score is so fragile and can have such a huge impact on your life. But how many people have bad credit in Australia? Find out the key stats here!
Your credit score is so fragile and can have such a huge impact on your life. But how many people have bad credit in Australia? Find out the key stats here!
Wondering what is bad credit and how it affects you? Bad credit is a bigger deal than you might think. Learn everything you need to know here…
It’s easy to lose control of your finances, but don’t let it affect your credit score. Late/missing repayments can leave you in a sticky situation when it comes to borrowing money. Find out how to avoid getting a default on your credit file.
Are you always maxing out your credit card? Do you let your bills pile up? It can be easy to do but unfortunately this activity can have a detrimental effect on your credit report. A poor credit rating might not seem like a big deal, but lenders will view any negative listings on your credit report as a red flag.
With Christmas on the horizon, there is much “talk” of the tendency of many people to go into debt for the holiday. Obviously, overspending is a serious concern, especially as it can lead to bad credit. But what if you already have bad credit? How do you rebuild a bad credit score? Is there such a thing?
There are three major reasons why a person’s credit score goes down. Having too much debt, not paying bills on time and leaving errors on the credit file undisputed. The bottom line is, you’re overcharging your credit accounts and underpaying them. If money is the issue—then, it’s time to do some saving up.
Having bad credit rating is a sign that your finances are going down the drain and debts are starting to appear.
What would your financial status be like if you could erase bad credit from your credit file?
The debt epidemic is so dire, with 70.19% of Australian adults owning a credit card and a national debt with roughly $32.5 interest. But, debt is
If you’re looking for a way to pay down your debts, cover the cost of hospitalization or a car repair, a personal loan for bad credit can be your lifesaver.
Are you really keeping up with your payment agreements? Read these 5 secret signs of a bad credit to know the truth.
Picture this: Just like most Aussies out there, a Sydneysider was looking forward to the idea of getting married, and purchasing her dream home with her fiancé.
Regardless of your financial situation, there are several little things that every person can do to enhance their status. While you may associate this purpose with life-changing decisions, and living on nothing but potatoes daily, that’s not necessarily the case.
In case your crediting rating is not in the best shape, there are certain methods that you can do to be able to fix it. Why is there a need to amend your credit rating? When you are young, you spend without giving it a second thought.
Having a bad credit history can affect your future loan applications. If you have any intentions or plans to get a loan in the future, you might have a hard time convincing banks or any other private lenders to approve your loan.
A recent study has shown that residents living in inner Sydney and inner Melbourne have some of the worst credit ratings in Australia.
If you have a credit card then you probably know that the interest rates are incredibly high. You might have gotten a credit card or two for those “just-in-case” purchases but if you have ever missed a payment then you know why credit card companies are so rich.
Going out often can drain your wallet. If you are trying to save up for a down payment on a home, pay off mounting debt or just so you can put more cash in to your savings account, it can be a daily struggle. Being a social person can cost a lot
Today mortgage providers are now offering some incredible tempting deals. Many Australians are now being lured by these unbelievable offers prompting many experts to warn them not to be dazzled by such upfront mortgage deals
Schools usually focus on the academics in teaching our children; it is very rare that they are taught money saving tips inside the classroom.
Endless money supply is everyone’s dream solution to bad credit. How we wish that money grows on trees and with no effort at all we would all be rich. But that would also mean the devaluation of money, it would be equal to nothing more than a piece of paper.
A credit file is simply an elaborate history of the money an individual has borrowed, the credit used and also whether that individual has cleared debts and made bill repayments within the allotted time.