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Credit Simple

Does it pay to be a loyal customer?

You don’t get much in this life unless you ask. That’s definitely the case with your bank, your insurance company and utility companies. There’s a lot of money to be made there. And if we’re lazy, companies can maximise their profits. Don’t let that be you. By playing hard to get, or by ‘rate tarting’ (that’s shopping around for a better rate), you can have your loyalty rewarded. Understand your spending Before you storm into your bank or phone your…

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Back to school spending tips to kickstart 2019 the right way

With back to school fast approaching, kids and parents alike may begin to feel excited to start the new school year fresh. For parents, this excitement then subsides when faced with the multitude of items required to prepare kids for the new school year such as school uniforms and shoes, books, stationery and technology to name a few – families are often left feeling very overwhelmed by the expense. As an example, at the beginning of every school year, children…

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Got a Christmas debt hangover? We’ve got tips to help.

The post-Christmas season can be a tough one, and our data shows Aussies are more likely to let their credit bills languish unpaid at this time of the year compared to any other. If you’re anything like the average human, you’re probably feeling the effects of spending up large in the lead-up to the festive season and in the wake of Boxing Day sales. “It’s easy to get caught up in spending over Christmas, but if you’ve used credit to get through the…

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Credit Simple in the media

You may have seen us on your TVs or screens recently – and it’s true, we’ve had a few media appearances recently! In case you missed it, why not check out the videos? CREDIT RATINGS New laws will allow Queenslanders to use their credit rating to potentially save on home or car loans. #9News | http://9News.com.au Posted by 9 News Queensland on Tuesday, October 9, 2018 Channel 9 News David, our CEO, shares insights into how your credit score can…

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Four saving strategies for spring and summer

As the winter months come to an end in Australia, you’re probably antsy to get out in the warmer weather. But getting out more could also mean increased spending. If you’re trying to figure out how to save this spring and summer, easy ways to get a boost include sticking to a budget, using credit card rewards, having social functions at home and saving on energy costs. 1. Stick to a budget Sticking to a budget is easier said than…

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How long is information held on my credit file?

Following the introduction of comprehensive credit reporting, both positive and negative listings are recorded by credit providers. However, it is the negative listings such as bankruptcies and overdue accounts that will be listed on your file for longer and impact your ability to access credit. Use the following as a guide for how long listings will appear on your file: Type of listing Length of time it’s listed (years) Description Payment history information 2 Monthly repayment history information on active…

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What can you do with your credit score?

What is my credit rating and what can I do with it? Credit Simple CEO David Scognamiglio chats with Channel 9 news on all things credit scores, what exactly they are, and how you can use your score to get a better deal on items such as credit cards, energy or health insurance. Did you know your credit score could get you a better deal? We have lots of offers tailored to you. Offers onsite include: Credit cards Loans Energy…

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How to make your mortgage work better (and harder) for you

For most of us, there’s nothing we spend more on each month than our mortgage. So there’s never a month where it’s not worth asking: “Could I be doing better? Could I be getting closer to paying it off? Could I be paying a bit less in interest?” Here are our top tips for making sure you’re putting the least in and getting the most out. Push your bank a bit harder It’s always worth bearing in mind that banks…

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Mortgage Help: How to refinance your home loan

A mortgage can easily end up costing you thousands more than it needs to, maybe tens of thousands, if you’re not always looking for the best deal. Sometimes you can do better by refinancing to a mortgage with a lower interest rate. But it’s not something you want to be doing without some careful preparation and homework. What do you need, and what will it cost you to change? Before you start refinancing, find out exactly how much you need…

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