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Credit Rehab

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25.01.2022 You don't need to be ashamed of anything in life that you know can be fixed. INSTEAD TAKE PRIDE IN FIXING IT. Whether you want a new:... Credit card Car Home loan. Your credit score affects your ability to get new credit or the interest rates you'll need to pay. A bad credit score can cost you money. SO, before you start shopping around for credit, it's a good idea to find out your credit score. Take CONTROL of your credit, don't let it control you. Change your mindset. CREDIT IS POWER. Credit enables you to build a financially free future for your family. Start now.

24.01.2022 WHAT IS THE COST OF KEEPING UP WITH THE JONESES? We’ve all had pangs of envy over the Instagram posts - profiles with the dream locations, new watch, luxury car, new designer shoes. What’s worse is when it’s our friends who we know earn about the same as us. Why can’t I have those nice luxuries myself? But for all I know they could be genuinely successful, have super rich parents/spouse, or be completely broke. If you find yourself thinking like this, maybe it’s time to thi...nk about the following: Stop comparing yourself to others Everyone has a different journey with different financial goals. You don’t need to go and get the new iPhone on the first day of its launch or buy that flashy new car that will put you in debt for years. To be honest, no one even cares. It is the game of comparison that makes us think we are ‘supposed’ to be doing this. Every morning think about the future of your family, your financial goals and what you are going to do to accomplish them. Start asking - will it bring me joy? If you are have an old TV and think upgrading it is really going to help, by all means, go ahead provided you can afford it. If you want something to impress others maybe reconsider if that is where your hard earned cash is best spent.

23.01.2022 Have you been lucky enough to get a pay rise this crazy year? Time to buy that new car, new phone, holiday? NO... Try living on your old salary for at least 12 months while you save 100% of the increase or use it to pay off debts. That's the way to financial independence.

23.01.2022 NOT ALL DEBT IS DUMB Good debt helps you grow! Debt that paves the way to your financial freedom is GOOD DEBT. If something increases your net worth or has future value, it’s good debt. Learning new skills, starting a successful business, building equity in a home, and investing in cash flow positive properties all help secure your future. BAD DEBT is a major liability that just keeps costing you money. Spending your hard earned cash on expensive cars which depreciate ...rapidly, expensive clothes that you only wear a few times, credit cards and personal loans with 20%+ interest rates, and luxury products that you buy just to look 'cool' in front of your friends. is bad debt. Just remember though any debt you can’t afford to pay back is BAD DEBT! See more

22.01.2022 The best thing money can buy is financial freedom. Everyone has their own definition of financial freedom. Mine looks a little bit like this.... Do you know what your definition of financial freedom looks like?

21.01.2022 SPRING IS IN THE AIR thinking about house shopping this weekend? Have you got the deposit but your credit is bad ? It doesn't matter how much money you have, or what you earn. Bad credit can affect everyone. ... Good credit can give you access to the best interest rates, saving you . The ideal time to check your credit is before you even start thinking about that new home.

20.01.2022 What’s happens to your credit report if you miss a credit card repayment? Households across Australia are feeling the pinch. For some, a little cutting back here and there will get them through, but for others, the situation is much more serious. It’s easy for some to justify missing a credit card payment, or two. But what happens now? 1 If you fail to make the payment within 14 days of its due date, it will be classed as repayment history information, and will remain on yo...ur credit report for up to two years. 2 If you fail to make the payment within 60 days of the due date, and the amount owing is $150 or more, it will be classed as a default, and will remain on your credit report for up to five years. 3 If your payment remains unpaid after 60 days, and is $150 or more, it will be classed as a serious credit infringement. Before a serious credit infringement is recorded however, the provider must send you a written notice to your last known address. If you fail to make contact or repay the amount owed within six months, the infringement will be recorded on your credit report, to stay there up to seven years. According to the credit reporting agency Experian, just one missed credit card repayment could see your credit score dropping 22%, even if you’ve never missed any credit card repayments before. That drop increases to 26% if you miss two repayments, and as much as 42% if you miss three or more repayments within a period of three months. If you have any concerns about your history of paying back credit card debt, get in touch, we can help.

19.01.2022 Is one of your goals to be DEBT FREE by the end of 2020? Here are 7 steps to get you started on your debt free journey. Owing money feels horrible . Debt can be a constant source of stress, impacting on your health and your relationships . It can keep you from your financial goals, such as buying your own home or saving for retirement .... But debt isn't a life sentence, with good advice you can get yourself out of debt and realise your financial dreams!

19.01.2022 Have you checked your superannuation contributions lately? If you’re employed, your employee should be paying a percentage of your earnings (a minimum 9.5%) directly into your super account. It’s worth checking that you’re being paid the correct amount. To see how much super your employer is paying you, you can check on your payslip, myGov account or super account. If you can afford it, you should also consider making extra contributions as a way to boost your retirement ...savings. Salary sacrifice or salary packaging is when your employer pays part of your pre-tax pay into your super account. These payments are taxed at 15% which, for most people, is lower than their marginal tax rate so you pay less tax while boosting your retirement savings! There is a limit to how much you can contribute at this tax rate and the effectiveness of salary sacrificing depends largely on your individual financial situation, so you may want to consider getting financial advice from a qualified adviser before requesting or agreeing to a salary sacrifice arrangement.

13.01.2022 Are you trying to WAIT YOUR WAY to financial freedom? Improving your credit takes time and discipline, there is no easy fix. Having less than ideal credit didn't happen overnight just like improving your credit doesn't happen overnight. ... Anything in life worth having takes both time and discipline. Do you have what it takes to improve your credit?

12.01.2022 Are the details in your credit report up to date with the correct information? If not, do it now so that lenders will view you as more stable and reliable. Having accurate personal details will also reduce the risk of incorrect listings and protect against having your identity stolen.

11.01.2022 There’s no denying that we’ve had bigger things to worry about this year than the coming Christmas period. So, it would make sense if you haven’t even thought about budgeting for the holidays. It’s also possible that this year, you have a lot less money to spend. In 2019, it was estimated that the average Aussie household would spend $969 on Christmas. However, 80% of Australians now believe that COVID-19 will have an impact on their personal or household finances. So, if t...he thought of the shopping frenzy that is coming is making you break out in a cold sweat it's not too late to make a plan and stick to it. Here are some cost-cutting options for Xmas gift-giving: Set a spending limit for friends and family Make gifts by hand Regift unused items Opt for Secret Santa. Give yourself a present this Christmas by not getting into debt. #christmasdoesnothavetobeexpensive #christmasdebtfree

11.01.2022 CONGRATULATIONS! You’ve ordered your credit report. When you receive your credit report, read it carefully to ensure all the details are correct. If you find any inaccurate information, report them immediately to the credit reporting agency to have them removed or corrected.... We can help.

10.01.2022 So, you’ve established an emergency fundhere are some questions to ask yourself before you use it. 1 Is this really an emergency or just over-spending? 2 Is it urgent? 3 Is this unexpected?... 4 Is this absolutely necessary? Forgetting to plan for an expense doesn’t make it an emergency. Having an emergency fund is very important but only using it for actual emergencies is just as important. Poor planning does not constitute an emergency. Before dipping in, ask yourself these questions to ensure it is the right decision.

10.01.2022 Let's talk about BOUNDARIES. Don't ever feel guilty or ashamed of setting FINANCIAL BOUNDARIES. Financial boundaries empower you to say to the things that aren't a priority to you and to the things that are. Financial boundaries require you to have the courage to say NO, but just remember your own dreams and goals. Racking up debt and overspending to cater to other people's wants will only slow down your own financial progress. Love and friendship should not require you t...o go into debt or delay you achieving your goals. It's easy to do the things everyone else does. It's much more difficult to do the things no one wants to do, but one of the reasons many of us end up in bad financial situations is because we are making financial decisions to please other people. But if you want to make progress financially, you have to not care what other people think. It can be hard to say NO, but harder saying YES knowing that you’re about to spend money on something that might delay you achieving what you really want. Once you’ve tried saying NO a couple of times you’ll be amazed at how free it makes you feel.

09.01.2022 SPRING IS HERE! With Spring comes spring cleaning, spring lamb and the spring blitz, when people are more likely to go house shopping to allow enough time to be settled in before the Christmas and New Year period. If you’re thinking it’s time for a new home, the process of buying a house can feel overwhelming, but here are 8 handy steps to help guide you from research to purchasing your home!! ... 1 Start your research early (this includes checking your credit score matches your home buying goals). 2 Determine how much house you can afford. 3 Work with a Mortgage Broker to find the loan best suited to you. 4 Get pre-qualified and pre-approved for your mortgage. 5 Shop for your home and make an offer. 6 Get building and pest inspections. 7 Obtain unconditional approval. 8 Settle and move into your dream . Contact us to get your credit ready for home ownership .

09.01.2022 If things aren’t tough enough already, identity theft is up 55 per cent on the same period last year! Identity theft happens when someone steals your personal information, such as your driver’s licence details, and uses it to commit a crime (for example, stealing money from your bank accounts, getting loans and benefits in your name). The financial and emotional consequences can be devastating. Once your identity has been stolen it can be difficult to recover and you may ha...ve problems for years to come. If you suspect you’ve been scammed, make sure you check your credit report for unusual or incorrect debts, so you can sort it out before it becomes a major problem. https://www.abc.net.au//identity-theft-soars-with/12558622

07.01.2022 Your NETWORK is your NET WORTH! If you and your mates don't discuss: Investing... Starting new businesses Escaping the 9 to 5 Financial independence Self-development Health and Fitness. Then maybe it's time to find new friends.

07.01.2022 Apparently 39% of Australians never change their online banking passwords, with another 22% saying they change their password just once per year. If you’ve used the same password for many years, or use the same password for many financial accounts, it’s a good time to change them. Concerns over online banking security are something to take seriously. After all, you work hard for your money and protecting it is priority number one. Having your bank account hacked or your pe...rsonal and financial information stolen can create innumerable headaches. Money could be drained from your account, or an identity thief could leverage your information to open credit cards in your name and treat themselves to a shopping spree . It is suggested to update your online banking passwords every three to six months to help lower the odds of your password being stolen or decoded by hackers. Types of passwords to avoid: Your date of birth (in any format). Your name (or part of). Common passwords such as Password/ P@ssword. Dates of birth of your spouse and/or children. Children’s names. Pet’s names.

05.01.2022 DON’T LET YOUR 2020 GOALS BECOME YOUR 2021 GOALS. What a year! I bet there’s not many people that had a 2020 goal of making it safely through a pandemic. You’d be forgiven if you haven’t achieved your 2020 goals yet. But, if things have been knocked off course for you, there’s still time to reset, readjust, refocus and restart! ... Now is your time to change one day to DAY ONE.

04.01.2022 CREDIT MYTH - A bad credit score is permanent CREDIT FACT - Your credit score actually changes over time dependent on your behaviour. It is calculated on your financial history. So, things like your recent repayments, credit card use or loan applications will be taken into account. As time passes and your behaviour changes, so will your credit score. ... If you have a bad credit score, don't despair, it's possible to improve it. Get in touch to find out how.

04.01.2022 CREDIT MYTH Checking your credit score will damage it. FACT...... Simply checking your credit score will have absolutely NO IMPACT on it. In fact, reviewing it regularly and quickly identifying and fixing any errors might actually improve your score. However, when lenders, such as banks, look at your credit history to decide whether to lend you money, or how much, this is known as a hard enquiry. A lot of hard enquiries over a short period of time can have a negative impact on your credit score. So, we suggest you limit the number of applications you make for credit - especially if you're planning to make a significant purchase soon, like a new home.

03.01.2022 Got a bit of time on your hands right now? If you haven't started already, it's a good opportunity to start planning your future financial freedom. Here are 5 things to consider when putting together a checklist for your financial plan.... How many of these have you addressed?

03.01.2022 "I don't have the time to get on top of my finances" Umm...how much time did you spend on social media this week? Find just a few minutes each day and tackle your debts, one repayment at a time. If you really can’t remember all the details of what you owe - and to who - then that’s a good indicator that you need to change the way you handle your finances. ... Your credit report is a good first stop for confirming just who and what you owe. We can help.

02.01.2022 UH OH, I don’t want to freak you out, but CHRISTMAS IS COMING! With barely three months to go, have you planned how you are going to reach your Christmas spending money goals? Here's a three month savings plan! ... Who’s dreaming of a debt free Christmas? #christmasiscoming ##imdreamingofadebtfreechristmas #christmas2020

02.01.2022 CREDIT PROBLEMS? Putting off fixing your credit will only put you off moving forward. Start now by finding out your credit score. Ignoring your bad credit score is only going to cause you future delays in securing your financial freedom, and who doesn't want to be financially free? Now is your chance to take up our offer for a FREE credit report review and NO OBLIGATION credit assessment report, outlining the steps you can take to improve your credit. ... Contact us now to find out more.