Posts Tagged :

credit score

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Life after bankruptcy: How to repair your credit score, finances, and emotional wellbeing

There’s life after bankruptcy. Having your debts cleared by bankruptcy can be a chance for a fresh start. But picking yourself up afterwards can be way more difficult than most people expect. Bankruptcy isn’t just a piece of paper. By the time you’ve reached that point, your financial and emotional future can seem like a long dark tunnel with no end. Coming back from bankruptcy When entrepreneur Michael Williams* reached the point of bankruptcy, debt collectors accompanied by gang members…

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Is Credit Simple legit? Our response to reviews on ProductReview.com.au

Welcome to Credit Simple. If you’re reading this blog, chances are you’ve found your way here after asking a search engine if our business is legitimate. Indeed, we’ve had some pretty bad reviews on sites such as ProductReview.com.au. So we thought we’d give you the low-down on myths and truths about our business, credit scores, and your rights and privacy. I think your business is a scam and you’re ‘phishing’, or conducting identity theft None of the above. Credit Simple…

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Why good credit can help you buy a house

Are you thinking about taking the next big step in your life and applying for a home loan? Buying your own property is a major part of becoming financially stable in the future, because you have a huge investment as a part of your portfolio. However, if you don’t have a clean credit report, you could find it difficult to get favourable terms on your mortgage. When a lender looks at your application for a home loan, they’ll consider more…

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Women more likely than men to rate themselves as excellent money managers  –  except Gen Z

Women are making headway with equality in everything from climbing the ladder at work to starting their own businesses, but young Generation Z women feel they aren’t as good with money as their mothers were, while Gen Z men feel more confident, indicates research*. The research, which we commissioned to see how women feel about their finances in the lead up to International Women’s Day on March 8, indicates that overall, women are more likely than men to rate their…

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5 easy ways to be smart about your credit card usage

Are you finding your credit card debt racks up quickly every month, no matter how much you try to pay off? If you don’t have the right sort of account, or a limit set too high, it can be easy to blow your budget on a purchase you really don’t need. Adding debt to the point where you’re unable to repay lenders can affect your credit report. When you can’t pay what you owe, a default will be marked against…

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What can your credit report influence in your personal life?

How regularly do you check your credit report? If you don’t know what’s on it, there’s a chance you could have defaults against your name that shouldn’t be there. A credit report will show you what loans you’re missing payments on, either because someone has taken out a fraudulent loan in your name or you forgot about a loan you’d taken out. There’s a lot of crucial information on there, and lenders use the document to find out about what…

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What to do if you’re a victim of identity fraud

Everyone knows someone who has been a victim of fraud. It can be a total nightmare when a cybercriminal has dipped into your bank account, stolen your credit card details or taken out credit in your name. In the short term your credit score is going to take a dip because you can’t simply delete it. Don’t despair, however. You’re not the first person in this situation and it can be ironed out. There are a number of different types…

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Has Cupid’s arrow struck? Don’t date your way into debt

We know your new girlfriend or boyfriend wants to go out every Friday. Even two drinks each, some snacks and an Uber ride home could set you back $50. It’s dead easy to blow $100 if you throw food in as well. What’s more, dating can send your credit score south. Fast. Let’s say you spend $150 a week going out, $300 a couple of times a year on a weekend away, $200 on his/her birthday, and flowers or chocolates…

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How long does it take to recover from serious financial difficulty?

If you’re on the verge of a serious financial problem, you need to act quickly. Going bankrupt or having multiple defaults listed on your credit report can severely impact your future ability to take out a loan or open a new line of credit. Lenders will look at your financial past, see that you’ve been unable to handle your finances, and potentially refuse your application. Examples of a major financial misstep include going bankrupt, failing to repay multiple debts over…

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Are Australians asking the right people for financial advice?

Everyone’s an expert these days. From an Octopus making predictions on the 2014 FIFA World Cup to Dr Phil not even being a trained psychologist, all kinds of so-called professionals are waiting around every corner to help you find a better budget, a better home, a better you. The thing is, many people that Australians go to for advice – especially on their money – are not necessarily the best option. In fact, research shows nearly 3 million Australians are…

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