Understanding Comprehensive Credit Reporting (CCR): What it means for you
Comprehensive Credit Reporting (CCR) has transformed the way lenders share account information with credit reporting bodies (CRBs) to be included in individuals’ consumer credit reports in Australia. CCR allows lenders to access not only the negative marks on your credit file but also the positive financial behaviours you’ve built up over time that have been […]
Personal Loans and Car Loans Glossary
Annual Percentage Rate (APR): The yearly interest rate you’ll pay on the loan, including fees and charges. It gives you a clearer picture of the total cost of the loan over a year. Application Fee: Also called an establishment fee, it is a one-time fee you may need to pay when applying for a loan. […]
What is a VIN and Where Can I Find It?
Your Vehicle Identification Number (VIN) is a unique 17-character code that identifies your vehicle. It serves as a fingerprint for your car, providing vital information for registration, insurance, and maintenance purposes. Knowing where to find your VIN can be crucial for various administrative and service-related tasks. Where to Find Your VIN You can locate your […]
The Renovation Nation: Can I get a Home Renovation Loan and How?
Home improvement for the money-wise Australian The past two years have seen a dramatic rise in home renovations which has many Australians asking: Can I get a home renovation loan and how? It makes perfect sense too. Our community bubbles shrank down to the size of our living space. And so, we started to think […]
Debt Consolidation Loans: Minimising Your Debts with Low-Interest
Solving your debt fatigue: Debt consolidation loan Debt consolidation has become a major issue facing Australians. As we increase the limits on our credit cards and take out new lines of credit, the various repayments and even more varying interest rates have become entangled beyond recognition. The costs of living can sometimes catch us by […]
Zen and the Art of Motorcycle finance
Motorcycle finance for riders new and old. Every rider knows what it means to feel the liberation of the never-ending road is the adventure of a lifetime. But for many, getting the keys to the bike is still a major roadblock. Between the cost of a motorbike alone, bundled in with the additional costs such as permits, protective clothing, […]
Seeing Australia and the World with a Personal Travel Loan
With international travel slated to resume by the end of 2021, the notion of getting a loan to go travelling to a foreign land is again a possibility. The Australian federal government has revealed a four-phase roadmap to reopening the country. International travel resumes with a trigger of 80% vaccination, allowing the final phases to become a reality. With this announcement, several high-profile destinations are set to establish […]
Five Ways to Improve Your Credit Score
Your credit score and the part it plays in gaining better interest is critical for every Australian who is seeking to apply for a personal loan. We all know life sometimes throws us a curveball which causes us to need a pay a large sum of money rather quickly. Giving us a lot of heartaches, […]
Applying for Your Personal Loan: Understanding Your Credit Score
For anyone who has ever applied for a personal loan, it can sometimes come as a surprise to see your score sit above or below the ‘good’ credit score of 700+. A surprise that can result in your loan application being denied. But how is your application assessed and what can you do to ensure you gain your loan and even unlock better interest rates? The Basics […]