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Manage Credit Card Tips 4: Making Repayment

Debt Free Pty Ltd — Thu, 13 Oct 2011 10:17:00 +0000

The easiest way before you are trapped into credit card debt is to make sure your repayment is up to date. Delaying repayment could cause significant accumulated unpaid debt in time. Discipline yourself and ask someone to help you to remember the due date. Set an auto reminder on your diary & phone. Get yourself organised about monthly repayment. Don’t let yourself become credit card debt victim.

But if you are having issues with your credit card debt repayment, speak to us and our friendly staff will help you. Don’t let yourself get into bankruptcy. Seek professional advice by contacting us today.

Qantas Grounded, Frequent Flyer on Crisis

Debt Free Pty Ltd — Thu, 13 Oct 2011 08:55:35 +0000

Today, Qantas CEO has announced to ground all domestics and international flights tonight due to battle with a number of unions who Qantas believe are making unreasonable demands. This may create some doubt to many of you that collecting Qantas Frequent Flyer rewards point by getting credit cards. In fact collecting reward point is pointless. Unless if you are flying in every seven day or less.

This purely indicate that applying credit card only to get reward points cannot be used as the main reason you are getting one. You ended up spend and more spending. As a result, the debt is much more than the rewards you’ll get.

if you have large debts from any credit cards including Qantas Frequent Flyer credit cards, speak to one of our staff. We will assess you situation and find the best solution to be debt free.

29/10/2011

Manage Credit Card Secret 1: Budgeting

Debt Free Pty Ltd — Thu, 13 Oct 2011 07:09:15 +0000

As you may know that money are the main causes of personal stress and relationship breakdown.

The idea here is to control your money spent. No matter how much you have, it will help you feel more secure and content. You will be surprise how much you could saved by the end of every year. Every dollar counts!

If you still having issues with paying off your credit card debt, speak to us and our staff will help you with some options. Find out today whether bankruptcy is the best option for you.

Manage Credit Card Secret 3: Banking

Debt Free Pty Ltd — Thu, 13 Oct 2011 05:20:54 +0000

Choosing the right bank is very critical. Do some research about their fees and charges. If you don’t have time read their booklet, call them directly or visit the branch and ask them in person about what is the fees and charges briefly. Some banks are not charging monthly fees anymore for everyday personal account.

Also find out about VISA or MASTERCARD Debit Card that can be linked with your personal bank account. Those are the perfect alternative to replace your credit cards. You can still do transaction online and worldwide as normal credit cards. You will not worry about late payment fees & interest charges anymore, because you are spending your own money.

If you are having difficulties paying off your credit card debt, speak to us now and our staff will try to find debt solutions. Find out that bankruptcy maybe not the best option for you.

Options if you have been refused Debt Consolidation

Debt Free Pty Ltd — Thu, 13 Oct 2011 02:31:41 +0000

If you have been refused a debt consolidation loan, you may wish to consider other options.

These options may include the following, particulary if you have unaffordable debt and you are personally insolvent (ie cannot pay your debts as and when they fall due)

Part 9 Debt Agreements
Part 10 Personal Insolvency agreeements

Debt Agreement is a legally binding contract by you and your creditors.

Debt Agreements were added to the Bankruptcy Act in 1996 to assist low income earners to repay your debt in an affordable payment plan. The agreement represents a compromise between you and your creditors.

Debt Agreement does not eliminate your debt—it aims to provide affordable payment terms. Debt agreements are supported by Commonwealth legislation and are regulated by ITSA. A formal debt agreement will appear on your credit file for seven years and your name will be listed on the National Personal Insolvency Index for life.

If you think that Debt Agreement may be the best solution for you, contact us today. Our friendly staff will assess your situation.

A Personal Insolvency Agreement is similar to a Debt Agreement, however, it is for people who have higher levels of debt or income. View the statutory thresholds here.