ARTICLES
Credit Repair
Credit Repair is about improving an individuals “bad credit”. To understand how Credit Repair works you need to understand what a bank uses to work out you have “bad credit”, credit scoring.
In America and most other developed nations a system called credit scoring is use to determine some-one’s “credit worthiness” or how risky someone is [...]
Personal Insolvency Agreements
There is a way if you’re experiencing difficulties with your debts to come to an arrangement with your creditors and avoid bankruptcy. In fact it is generally in the best interests of both you and your creditors to come to an agreement. While you may be able to negotiate an Informal Agreement it is in [...]
The Debt Collection Process
The Debt Collection process can be confusing and intimidating. Most people do not know what actions creditors can take, what will result from those actions and the time frames they will take place in. As it can frequently involve the court system this may lead to you feeling like a criminal, which is not the [...]
Debt Mediators in the Press
Australia’s leading newspapers and magazines chat with our qualified debt consultants and suggest tips and tricks for getting out of debt and staying that way.
Can I get a HOUSING LOAN if I enter into a Debt Agreement or go Bankrupt?
This is a commonly asked question. The simple answer is YES but it requires an explanation.
For the next 7 years, your credit report with Veda Advantage is going to show you have entered into a debt agreement in order to repay your creditors. You would thus not fit the lending criteria for the banks, credit [...]
A Success Story for Michael Kristy
Michael was recently made redundant after his employer fell upon hard times and found himself unable to meet the mimimum repayments on over $30 000 worth of credit cards and personal loan debt. His partner, Kirsty was working part time as well but was also finding it hard to juggle work with looking after the [...]