Master Your Credit: 5 Essential Tips for Cleaning Up Your Credit File

Mar 11, 2024 12:50:42 PM

Many Australians face challenges with managing their finances and repaying debt due to the ongoing high cost of living. Forced into using credit cards or high-interest loans to pay for essential purchases or unexpected medical expenses, they struggle to maintain a clean credit file. As a good credit score is essential when it comes to accessing favourable credit, here are 5 essential tips to help you clean up your credit file.

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Topics: Debt Consolidation, Savings, Financial Health, Budgeting

What’s Your Credit Score?

Mar 13, 2023 2:01:55 PM

Credit scores are an indicator of how you manage your money and repay your debt, based on personal and financial information kept in your credit record. When you apply for credit or a loan, lenders use credit scores to determine whether to approve your application or to lend you money. Knowing your credit score can help you negotiate better credit deals or understand why a credit application may have been declined. If you’re unsure what your credit score is, or how to access your credit report, here’s a helpful guide.

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Topics: Debt Consolidation, Financial Health, Budgeting

3 Steps To Curing A Christmas Debt Hangover

Feb 17, 2023 5:48:05 PM

The post-holiday season can be a tough time for many Australians, as credit card statements arrive and a true assessment of Christmas overspending is made. If you’re facing a Christmas Debt Hangover after overspending during the holidays, the next few months will be critical to ensuring you get your finances back on track again. To help you manage your Christmas debt, and to ensure you avoid overspending this year, here are 3 tips from Mortgage Express.

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Topics: Debt Consolidation, Financial Health, Budgeting

How Creditworthy Are You?

Oct 6, 2020 2:17:13 PM

Every time you apply for credit, spend using credit, or make (or miss) a repayment on a loan or a utility bill, you influence your credit score. In turn, your credit score is used by lenders to determine whether or not to give you more credit. That’s why keeping a good credit score is so important. It can mean the difference between an approval or a decline next time you apply for a loan. So, when did you last check your credit score? And do you know how creditworthy you are?

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Topics: Debt Consolidation, Financial Health, Home Loans

Directly Impacted by COVID-19? Here’s What to do…

Apr 15, 2020 7:40:23 AM

The world is reeling from the impact of Covid-19: Not only can it make us sick, it can threaten our very livelihood too. Already, there are Australians concerned about meeting their financial commitments, dealing with a drop in income as work hours reduce or facing total job loss. If you have been impacted by these events due to the current crisis, there are options that can help.

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Topics: Debt Consolidation, Financial Health, Refinancing, COVID-19

Curing Your Christmas Debt Hangover

Feb 4, 2020 3:15:00 PM

While you won’t find this expression in a mainstream dictionary, it’s a feeling that’s all too real for anyone who’s overspent at Christmas. A Christmas Debt Hangover usually kicks in around the middle of January when the credit card bills start rolling in. Symptoms include stress, trouble sleeping and an aversion to checking the mailbox! Here’s how to cure it.

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Topics: Debt Consolidation, Mortgage Broker, Financial Health, Refinancing

What’s The Catch With Afterpay?

Aug 15, 2019 5:45:56 PM

It’s been called the next big thing to hit Australia – a “buy now, pay later” scheme that doesn’t cost you anything. Or does it? Operating like a lay-by system, Afterpay lets you buy something now and pay it off in four instalments over eight weeks. Since July 2018, 2.2 million people have already used Afterpay. We ask the question, “what’s the catch with Afterpay?”.

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Topics: Debt Consolidation, Financial Health, Health and Wellbeing

Can Bad Credit Stop You Getting a Home Loan?

Apr 15, 2019 1:44:44 PM

Bad credit happens for all sorts of reasons: illness, divorce, redundancy, causing you to miss payments and end up with a black mark against your name. Even if you do manage to pay the overdue bills, clear your debt, or fix up a default on a loan repayment, your credit history may still be impaired. Read on to find out what bad credit is and what your options are when it comes to securing a home loan with bad credit.

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Topics: Selling, Debt Consolidation, Financial Health

Book Your Home Loan Review

Jan 21, 2019 1:09:02 PM

As your biggest expense, keeping track of your home loan and any changes to the market or your own situation makes good financial sense. An annual home loan review could lead to significant savings, give you access to better home loan features, or let you tap into your home’s equity to fund other expenses. Read on to find out why a home loan review could help you save money.

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Topics: Debt Consolidation, Financial Health, Refinancing

5 Steps to Becoming Debt-Free

Dec 17, 2018 2:42:49 PM

Online shopping means spending money has never been easier. The convenience of never having to leave home to buy everything you need comes at a price though, as it’s just as easy to overspend and end up in debt. The good news is it is possible to break that cycle of overspending and be debt-free. We share a few simple steps to help get you started.

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Topics: Debt Consolidation, Financial Health, Refinancing