It’s just a line from the Little Britain comedy show, right? Wrong! Unfortunately it’s a part of everyday life these days. I think using technology to help make decisions is a great thing, but it must be used with common sense and a helpful attitude. Here’s a great example. A customer, (let’s call him Bob […]
We hear lenders talk about ‘credit score’ or ‘credit rating’ and most of us know that it’s something to do with whether we’re likely to be able to get a loan. What most people don’t know, though is that in many cases you can affect your own credit score. Your credit score is, similar to
Am I credit worthy? What you need to know Read More »
For decades, finance experts have described good debt as a debt to buy an appreciating asset such as a house or shares and bad debt is debt that doesn’t such as credit cards and personal loans for holidays but what if we looked at this argument in a different way. Here are 2 different situations
Redefining Good Vs Bad Debt Read More »
A client of mine, who regularly donated to charity for over 20 years, got a rude shock last week when a bank’s statement scanning software identified the client as a potential gambler. The client’s honest intention was simply to make a $10 donation each month to charity however that donation took the form of a
Donate to charity? You might have a gambling problem! Read More »
In Queensland, the Finance Date Contract Clauses refer to the period of time a buyer has to obtain formal finance approval for the purchase after entering a contract to buy a property. Why does it exist? To give banks and lenders the time they need to formally assess the borrower and that the property is
Important Contract Clauses (Qld)—Finance Date Read More »
First Home Buyer but still single? Hit the online dating scene to improve your chances of getting a loan. It’s simple mathematics, 1 person applying for a loan, 1 income but 2 people applying for a loan, 2 incomes. The higher the income the higher the chance of an approval. A single person earning $40k
Can online dating improve your loan application? Read More »
Founded in 1997, Liberty Financial provides a wide range of loans for your home, your car and business, as well as investments and products from other financial institutions. Liberty Financial are an alternative that offers innovative solutions at competitive prices and more choice. Who are they? An independent specialist finance company Services? Home Loans, car
Lender Review—Liberty Financial Read More »
our Credit File is a report held with a credit reporting body (Equifax, Dun & Bradstreet or Experian) that contains information relating to your credit history. If you have ever applied for a loan or credit, it is likely this information will be on your report. What is a loan or credit? Any personal loan,
Understanding Your Credit File Read More »
For those that missed the punchline, an Australian millionaire recently suggested millennials stop buying an Avocado Smash to save for a house deposit and his comments went viral around the globe (read the article here). Now that the Queensland First Home Buyers Grant of $20,000 has been extended until 31st December 2017, I wondered how long
How many Avocado Smashes would $20,000 buy? Read More »
The Cooling Off Period is the period after a buyer enters a contract to buy home or land in which the buyer can terminate the contract without having to provide a reason or justification to the seller. Notification must be provided in writing. How long does it last for? 5 business days What day does
Important Contract Clauses—Cooling Off Period Read More »