Six ways to ride through life’s tougher times

Six ways to ride through life’s tougher times

Sticking to a financial plan – such as paying off a mortgage – can be a long journey that’s punctuated by high highs and low lows. Here are some tips to get you through the tougher times. October is generally the month that people all around Australia and the...
Why is the bank saying I can’t service a loan?

Why is the bank saying I can’t service a loan?

A question we often get goes something along the lines of: ‘I make my repayments on time, and I save $1,000 per month, why is the bank saying I can’t service a loan?’ Here’s how banks conduct loan serviceability. When a bank calculates loan...
More carrot, less stick: Comprehensive Credit Reporting

More carrot, less stick: Comprehensive Credit Reporting

Many people only pay their bills on time to avoid being slugged with late fees and a bad credit rating. But a big change this month means that you can now be rewarded for timely repayments. From mid-September, ANZ, NAB, Westpac and CBA all agreed to commence...