How Government Budgets Could Impact Your Daily Life?

Whenever a new federal or state budget is announced, there certainly will be a lot of churning and in many cases; it will be a case of letting the cat, amongst the pigeons, stated Jeanne Sahadi of CNN Money. It would be interesting to have a closer look at the various ways and means by which government budgets could upset the applecart of households in more ways than one. Continue reading

How to Get a Mortgage with Bad Credit

If you’re looking to get a mortgage, but you have a bad credit rating and your loan application has been rejected by traditional lenders, the good news is that you can still obtain a home loan. Some specialist or non-conforming lenders will grant a mortgage to customers with a bad credit history.

Bad credit home loans are like regular home loans except that they have short-medium repayment periods and higher interest rates because of the higher risk of lending money to someone who has a bad credit history.

Here’s how you can get a mortgage with bad credit:

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How to Get a Car Loan with Bad Credit

Getting a car loan may be difficult if you have a bad credit history due to credit card debt, late/missed repayments or bankruptcy. Generally, subprime borrowers who have a credit score under 620 can’t get the best car loans available in the market. But there are bad credit car loans, or second chance finance, available for people with bad credit.

A bad credit car loan is a flexible secured loan, offering people another chance without breaking their budget. However, it’s a high-risk loan that generally comes with high interest rates and large down payments.  Lenders will still need to carefully assess borrowers with bad credit before taking the risk to lend them money because they have a higher chance of not repaying the debt.

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How to Get a Loan with Bad Credit

If you have a bad credit score, major banks and lenders may see you as high risk and reject your loan application. But you can still get a bad credit loan from smaller lenders, as a personal loan of up to $5000. It can be given to people with a bad credit history due to missed/late payments or bankruptcy.

Generally, to be eligible to apply for a bad credit loan, you need to be 18 years or older, be a permanent Australian resident, and have a regular income. Repayment terms are flexible to suit your personal circumstances (3-12 months) and it’s also the first step in rebuilding your credit score.

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Interesting means to generate extra income

In this article, we explore some avenues that could make you laugh your way to the bank.

Buying homes in towns that have a city side

In times of slow economic growth or worse during a recession, people are more likely to walk to public transportation (train, bus, transit). Having a home in such a neighborhood is valuable as they sustain their value ($$) and are recession-proof. Continue reading