News

It is very important to know what your credit rating is, as the day will come when you will need to apply for a new form of financial credit, home loan or credit card for example.

There are new proposed laws that will mean that creditors will have to wait 28 days before taking action to recover debt.

Canberra plans to raise the bankruptcy threshold from $2,000 to $10,000 and banks are against this, as they feel it will only encourage Australians to run up bad debts.

One of the nation's major banks has stated that even with consumers confidence most people are not going to go crazy doing their Christmas shopping.

Last week's monthly Westpac - Melbourne institute consumer sentiment survey has shown that 14.2 per cent of respondents intend to spend more on gifts than they did last Christmas.

While economists and bankers are boasting that Australia is one of the few countries to have dodged an official recession, spare a thought for the families sinking deeper into debt with many breadwinners having lost their jobs or had their hours cut.

A customer satisfaction survey has revealed that consumers rate credit unions and building societies far higher than the big Four Banks.

If you were to pass away without having a will it could be a nightmare for the loved ones left behind.

If you have young children it could be horrible if you had not stated who you wish to be their guardian in the event that both you and your partner die.

It may be the beginning of a new dawn but the financial crisis is far from over for the many investors who still have their retirement savings frozen in mortgage and property funds.

Investors are still unable to access approximately $25 billion of their savings that are fully or partially frozen.

Battlers who struggle to make ends meet after losing their jobs will be saved the humiliation of forced bankruptcy.

Truck drivers, electricians and sales people beware the tax office is closely monitoring all work expense claims.

Before placing your home on the market here are some simple steps to boost the value of your home.