Know the risk of renting a vehicle before deciding to get behind the wheel. A car purchase influences the way we live. Having the capacity to get from point A to B in a timely manner is critical, especially for those with demanding family or work commitments. However, a bad credit rating can make securing … Continue reading The Risks Of Rent-To-Own Vehicles
No seriously don’t do it. If you are doing it, just stop. It is no secret that obtaining finance approval with most financial products is becoming increasingly difficult over the past few years. Lenders have been requesting for more information to ensure that they are lending responsibly. This is also to ensure that they base … Continue reading For The Love Of Your Loan Application Stop Account Clearing
Take control of your financial future and know whether this is the right option for you With Australia’s rising levels of household debt, the request for debt consolidation finance is growing more rapidly. Partnered with COVID-19’s effects on job stability and household income, individuals and families have expressed more concerns than ever before about their … Continue reading Don’t Enter Into a Part 9 Debt Agreement Until You Read This
Start Generating Income With The Right Equipment & Finance Solution As an owner driver, you have the capacity to work with your own vehicle and/or equipment to generate income. The vehicle and/or equipment is classified as a “Profit Generating Asset” as it required to generate revenue for your business. There are many industries that … Continue reading Starting Out As a Owner Driver – Do You Understand What Is Required?
Ever wonder why some lenders are adamant to see your bank statement with your finance application? During 2020 it is clear that lenders have been requesting more documents to carry out their assessment on loan applications. One key document that has been continuously required are bank statements, making it a fundamental document required to reach … Continue reading 3 Things That Lenders Hate Seeing On Your Bank Statements
Is now the time to start budgeting more than ever? Yesterday was a good time to start budgeting! Good news is that you can start at anytime. When any lender assesses your ability to borrow and afford additional finance, a major factor that needs to be considered with every application is your level of spending … Continue reading Household Living Expenditure – The Cost To Your Finance Application
To give the Australian economy a boost, the Morrison government have proposed that they will axe responsible lending laws. What Is Responsible Lending? The intention of responsible lending guidelines is to prevent consumers from signing up to unaffordable and unsuitable credit products. Credit licensees must not enter into a credit contract, suggest such a contract, … Continue reading Responsible Lending Laws To be Scrapped
Was That Shopping Spree On The Weekend Such A Good Idea? The ability to have a desired item now and not contribute a single dollar until later sounds too good to be true. Especially without any additional interest charges or exorbitant fees. The hype has even been recognised by established organisations with Latitudepay and now … Continue reading Buy Now, Pay Later – Does it affect my Credit Application?
Learn about the benefits and repercussions There are a wide range of loans available in the market. While they can assist with upfront purchases, it is important to understand their implications in order to maintain control over your financial position and protect your credit rating. This ensures you are eligible for future finance applications. There … Continue reading Should I Ever Take Out A Payday Loan?
What lenders see on your credit file and how it influences your application our credit report is one of the major components which determines whether you are eligible for finance or not. In addition it can also influence your overall repayments. The contents of your credit file will contribute to your overall credit score. Did … Continue reading How Does My Credit Report Affect My Finance Options?