by princeville | Jul 26, 2018 | The Adviser
In 2014, the government introduced comprehensive credit reporting to Australia. This type of credit reporting has been used in the US and UK for many years. It is expected to help credit providers make better decisions about who they lend money to by ensuring they do... by princeville | Jun 8, 2018 | The Adviser
With Australia’s household debt-to-income ratio being one of the highest in the world, individuals and families are finding it harder than ever to keep up with their repayments. Australians have debts across multiple sectors: home loans, car loans, personal loans,... by princeville | Apr 11, 2018 | The Adviser
Credit problems – who has them? If you’re reading this article, chances are you have, or you know someone who has. First off, know that you are not alone. A lot of people have issues with their credit from time to time. Australians are in more debt than ever before... by princeville | Feb 6, 2018 | The Adviser
Debt consolidation is gaining more attention as Australian households face mounting debts. As the country’s household debt-to-income ratio hit almost 200% and total household debt reached a record $2.4trn this year, simplifying repayments and taking control of... by princeville | Dec 20, 2017 | The Adviser
A negative credit file doesn’t mean your client can’t get credit, but some options are better than others. When your client applies for any type of finance with any kind of negative listing on their credit file, there are three options: They can obtain the finance... by princeville | Dec 4, 2017 | The Adviser
Client’s go looking for broker support because they are looking for assistance navigating the muddy waters of the credit and finance system. They want guidance, they want the best rate and they want to work with someone they trust to get them what they want, when they... by princeville | Jun 28, 2016 | The Adviser
A new credit repair company, which aims to help brokers avoid wasting time on loan applications that are likely to be rejected, has entered the mortgage industry. Credit File Experts (CFE) obtains and assesses Veda credit files for consumers and companies, providing a... by princeville | Apr 11, 2016 | The Adviser
It is not cool in Australia to blow your own trumpet, right? But what do you do when you know certain competitors are failing to do proper investigations for their clients with credit impairments and your company continually picks up the pieces? To be frank, I am... by princeville | Dec 21, 2015 | Mortgage Business
I am working on a case at the moment where a gambling addict got small loans from Nimble and got into dramas with them. Gambling addiction is a shame-based addiction where impulse control is inhibited around gaming. If a payday loan turns sour it can be listed on a... by princeville | Dec 9, 2015 | The Adviser
Recently a broker sent me, for the first time, a free Credit Savvy report for one of his clients (with permission of course). Credit Savvy is a joint venture of Aussie Home Loans and Experian, the multinational credit reporting agency behemoth that has been operating...
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