Credit Connection in Toowong | Finance

Credit Connection

Locality: Toowong

Phone: +61 7 3859 6599

Address: 54 Sherwood Road, 4066 Toowong, QLD, Australia

Website: https://creditconnection.com.au

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25.01.2022 Rebecca answers to the querries we all want to know!!!

23.01.2022 Yes, and there are two kinds. There’s stamp duty on the mortgage itself and on the property. You may be eligible for a rebate on the second type, so be sure to ask.

23.01.2022 When ASIC’s guide to the banking sector a couple of years back noted too high a balance sheet exposure into Interest Only home and Investment property borrowings, lenders took the opportunity to differentially price the loan types to show discouragement to borrowers for Interest Only borrowings.

23.01.2022 Financial goals are where you want to be - financially - in the next 5, 10 and 20 years, or even next year. If goals are not set, then things won't change. Financial goals give a voice and direction to your dreams. They give them shape, activity and life. Don't kill your dreams, fuel them by setting and conquering goals. What are the steps to achieving your financial goals? - Write down your goals - Create accountability ... - Follow a solid plan - Budget - Track your expenses - Become more self-aware - Reevaluate your goals regularly See more

21.01.2022 Some arvo beers to farewell Neil Neil has been with us for 6 1/2 years, and no words can explain the work and wonders Neil has done for us. Neil, we can't thank you enough and we wish you the best for your future. Cheers, ... Credit Connection Team See more

20.01.2022 If you have built up a level of excess Super contributions, under law it is permissible to seek a refund of up to 30% of those excess contributions to enable a larger deposit into a principal place of residence. Check with your Superfund Manager.

19.01.2022 Check out these 6 tips for improving your credit rating! https://mozo.com.au//6-tips-for-improving-your-credit-rati

18.01.2022 The entire team at Credit Connection wishes you and your family a Merry Christmas - and a very happy holiday season From all of our employees: take care! #CreditConnection #CCToowong #Christmas #Holidays #MerryChristmas #TisTheSeason #AustralianFinance #FinanicalServices #CreditConnectionTeam #LessDebtMoreLife #MortgageBrokers #FinancialExperts #DebtRecycling #MortgageActionPlan #MAP

17.01.2022 Lenders do generally not seek the borrower to hold such self protection. It is wise, of course, to see a Risk Advisor/Financial Planner to do a personal risk insurance review for the existing debt position or taking on a new borrowing. A review can focus on current premium costs vs quality of health cover.

15.01.2022 Meet The Team - Episode #1

15.01.2022 Give this a read and see if you're up to jump-starting your path to healthy finances! https://au.news.yahoo.com/millennial-money-challenge-020415

14.01.2022 Meet The Team - Episode #4

11.01.2022 Are holidays making you feel the pinch? Here are five hot tips to avoid over-spending during the season of giving (and air-conditioning): 1. Track Every Dollar You Spend This one is somewhat self-explanatory. Make sure to stay on top of your spending during the Christmas period! It's one of the most notorious times for people to splurge beyond what their budget can handle.... 2. Don't Leave Your Xmas Shopping To The Last Minute! There are only FIVE days until Christmas... with any hope, you have the majority of your shopping out of the way! The closer you get to Christmas, the more you can expect to pay for that gift. 3. List Your Projected Expenses If you know what you're intending to spend during the summer, you'll be better equipped to budget and manage your income - and prepared for any surprises. 4. Avoid 'Impulse Spending' We know you have been longing to go on that holiday, or gift yourself that expensive item as a Christmas present... but it's wise to think twice about the value of your purchase, before you throw lots of money at things that you want. Make sure you can afford big spends and impulse purchases, before you go 'all in'! 5. Create a Savings Fund for Holidays and Gifts! It's a bit late for 2020... but you can always get started for 2021! You can set yourself up for success by regularly transferring a small amount of your income into a 'holiday savings fund', for all of your major Christmas and holiday expenses. Never be caught 'off guard', again! The Credit Connection team hopes that you and your family stay safe, this summer. We wish you a Merry Christmas! #CreditConnection #StayCool #StaySafe #StayOnTopOfYourFinances #Xmas #Holidays #EnergyBills #Heat #Budgeting #FinanceTips #AustralianMortgageBrokers #MAP #CCToowong #AustralianFinance #FinanicalServices #LessDebtMoreLife

10.01.2022 Check out these tips for your personal finances during these trying times: https://www.bosshunting.com.au//personal-finance-advice-p/

09.01.2022 Meet The Team - Episode #2

09.01.2022 Should something occur that has a material impact on the ability to make the loan repayment, first thing you must do is to ring your lender directly. There are strict provisions under the National Credit Code whereby a lender must offer flexibility with how to move forward with reduced repayments of Interest Only for up to 6 months initially.

09.01.2022 My Employer Asked Me To Work From Home. What Can I Claim? For workers who are unable to apportion their expenses between work-related and private use, or haven't kept records to substantiate claims, the ATO has introduced a shortcut method that amounts to $0.80/hour. However, those who permanently work from home, or kept records of work related expenses can calculate their actual expenses. ... My Hours Changed Because of Covid-19. Can I Claim Tax Back? Prior to the outbreak, employers applied tax to their employees' pay assuming they would be employed in the same capacity over the 2019-2020 financial year. If the number of hours dropped during the lockdown through reduced hours or loss of a job, workers could be entitled to a larger refund. I've been Receiving JobKeeper/JobSeeker. Does This Affect My Tax Return? Both the JobKeeper and JobSeeker payments are part of a persons taxable income and needs to be reported to the ATO. For Australian's on JobKeeper, their employer should have already noted the payments on their PAYG statement. For the Australian's on JobSeeker it's the same. The payments are still technically part of you income.

08.01.2022 That is not possible under the SIS Act, whereby to own property within your Self Managed Super Fund, it must only be an investment property. As the only security the lender can hold under the limited guarantee is only the property, and no personal assets, interest rates are higher. Generally a corporate trustee company is formed for the Super fund and another for the Bare Trust, with the applicant directors, so the borrowing is also to the SMSF Company.

07.01.2022 This is very much a personal risk choice. Whilst variable interest rates locally and internationally are in decline, there will no doubt come a time of increase. Generally, variable rates do win out, though.

06.01.2022 CCR is a fairly new initiative into what a lender can see from your credit history repayment quality, ie. the number of times late with making payments. The report also identifies credit enquiries made in the past 2 years, and report numbers of accounts/cards that are or were in operation.

06.01.2022 A good rule of thumb is to inspect at least 15 properties to get a feel for the market and also to check RP Data reports on sale prices.

06.01.2022 In one in five credit card holders in Australia close to two million people have problematic credit card debt. These are people who only make small repayments, or close to maxing out their credit limit, or are repeatedly unable to make minimum repayments. Following are 2 stories of people who have fallen into cc debt, these examples show the reality and the trauma cc can bring to an individual and their family. 2 reports have been provided which outline personal stories o...Continue reading

03.01.2022 Introducing... the faces behind 'Credit Connection'! We're a small team of mortgage brokers and financial experts who help Aussies get debt-free, fast. With our tested methods and personalised support and monitoring, we make it simple for you to take control of your cash flow, reduce your debts, and achieve true financial independence. Our Mortgage Reduction program reduces decades off our clients' home loans. No gimmicks, just proven results. ... Book in a consultation with us, today! #CreditConnection #CCToowong #AustralianFinance #FinanicalServices #CreditConnectionTeam #LessDebtMoreLife #MortgageBrokers #FinancialExperts #DebtRecycling #MortgageActionPlan #MAP

01.01.2022 Money is a hot button topic; people don’t like talking about it at all. A study by University College London found that People are 7 times more likely to talk to a stranger about sex, affairs and sexually transmitted diseases than discussing their salary. Why is this the case? Check out our article where we elaborate on this topic:... https://creditconnection.com.au/everybody-can-talk-about-m/ See more

01.01.2022 Read up on this article that gives some alternatives to taking a mortgage holiday: https://www.smh.com.au//three-cheaper-alternatives-than-ta