Buying a home is one of the biggest dreams for many people. But if you are currently repaying debts through a Debt Management Plan (DMP), you might wonder, “can i get a mortgage with a debt management plan?” The simple answer is yes, it’s possible — but it can be more challenging. You need to…
Debt is a common part of life. Many people take loans to buy a home, a car, or to pay for education. Businesses also borrow money to expand. Debt is not always bad — it helps us achieve goals faster. But if not managed properly, it can lead to serious financial risks like loss of…
Managing debt can sometimes feel stressful. Many people struggle to pay off loans, credit cards, or monthly bills while still meeting daily needs. But one simple habit can make a big difference — shopping smart. Smart shopping doesn’t mean being cheap. It means spending wisely, comparing prices, and avoiding impulse buying so that you can…
Managing debt is not easy, especially when several repayments start to overlap. In Australia, many people turn to debt management plans (DMPs) to help organise their debts. However, one big concern remains — how long does debt management stay on your credit report? In this detailed blog, we’ll explain everything about debt management plans in…
Starting or growing a business in Australia often needs financial support. Whether you’re opening a café in Sydney, expanding a construction company in Brisbane, or buying new farm equipment in regional Victoria, business loans can help you get the capital you need. But many business owners still ask — how do business loans work? In…
When central banks cut interest rates, borrowers expect their lenders to pass on these savings in the form of lower mortgage or loan repayments. In Australia, the Reserve Bank of Australia (RBA) often lowers the cash rate to stimulate the economy, but not all banks or lenders pass on the rate cut fully. The same…
Life can be unpredictable. A sudden job loss, medical emergency, natural disaster, or other financial setback can make it impossible to keep up with mortgage payments. If you’re in this situation, the good news is that you do not have to face it alone. Banks and government-backed programs offer forbearance and deferral policies to help…
When life becomes financially challenging, even regular loan payments can feel overwhelming. Unexpected job loss, medical bills, rising inflation, or emergencies can make it difficult to stay on track. In such situations, loan deferrals give borrowers extra breathing space by temporarily pausing or reducing payments. In the U.S., loan deferral programs have been extended for…
A sudden drop in income can feel overwhelming. Maybe your hours at work were cut, your job changed, or unexpected medical bills hit your wallet hard. In such times, every dollar becomes important. The good news is—you are not helpless. With the right strategies, you can manage reduced income without feeling stuck. This guide explains…
Debt is one of the biggest challenges that many Americans face today. From credit card bills to student loans, medical expenses, and mortgages, managing debt can sometimes feel overwhelming. According to the Federal Reserve, the average U.S. household carries more than $100,000 in debt, including mortgages, credit cards, and loans. The good news is that…
When most people hear the word debt, they think of stress, bills, and sleepless nights. In the U.S., the average household credit card debt is over $7,000, and with interest rates often above 20%, it’s easy to see why debt gets such a bad reputation. But here’s the surprising truth: not all debt is bad….
Retirement should be a time of freedom, peace, and financial security. But for many Americans, debt remains a heavy burden even as they approach their golden years. According to Federal Reserve data, U.S. adults aged 60 and above still carry an average of $50,000 in debt, including mortgages, credit cards, and personal loans. The problem…
