Debt Management

Consumer credit: the best way to borrow money and pay off debt

Christine Long Here is how one woman smashed her debt and became a home owner.

Our early Christmas present: refinancing our home loan

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Caitlin Fitzsimmons Knocking a few basis points off your mortgage rate can save you tens of thousands of dollars over the life of the loan.

Is this as low as interest rates go?

Markets are betting RBA governor Philip Lowe will not cut official rates again.

Clancy Yeates Changes in an obscure corner of the financial markets that could ultimately have implications for millions of households.

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How using a credit card doubles your Christmas spend

How much will those Christmas presents really cost?

Nicole Pedersen-McKinnon Think ahead for Christmas and limit how much you spend.

Millions at risk of default in next 12 months but don't know it

John Collett A leading credit agency says almost 3 million Australians are at risk of credit default or other adverse credit event in the next 12 months.

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How I paid off my home by 36

Nicole Pedersen-McKinnon took seven years from buying a share of her first investment property to owning her family home outright.

Nicole Pedersen-McKinnon Money Columnist Nicole Pedersen-McKinnon confides the way she worked the system, leveraged lucky breaks and, yes, economised to get debt-free in seven years.

Low rates are a chance for mortgagors to get ahead

Mark Bouris Many economists think we're in for another interest rate cut by the Reserve Bank in 2017.

Mortgage pre-approval is a smart move but avoid these traps

Heidi Armstrong Pre-approval can be your best friend, or your worst enemy.

The 'bank of mum and dad' has risks too

Clancy Yeates Buying a home has become so tough for many young people in the past few years that more and more are relying on the "bank of mum and dad".

NAB credit card customers risk bad credit record

NAB is switching its credit card customers to Visa.

John Collett and Caitlin Fitzsimmons NAB credit card customers who do not update their direct debit arrangements when they are issued their new Visa credit card risk damaging their credit records.

Nicole helps… beat a $20,000 credit card debt

Nicole Pedersen-McKinnon How to avoid bankruptcy with smart credit repair and a good 0 per cent balance transfer credit card.

More parents helping children onto property ladder

Sarah Hopkins from Galston has helped her son, Michael, buy a unit by going guarantor for his mortgage.

John Collett Sarah Hopkins and her husband did not have to think too long before agreeing to go guarantor for their son’s mortgage.

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Are small, cheap mortgage lenders as safe as the big banks?

Nicole Pedersen-McKinnon Nicole Pedersen-McKinnon has a new column tackling consumer finance issues.

Nicole helps: get a mortgage discount from the Commonwealth Bank

You can usually negotiate a discount from the Big 4 banks, but there are still better deals from smaller lenders.

Nicole Pedersen-McKinnon Money educator Nicole Pedersen-McKinnon tackles readers' consumer finance problems in a new column.

How to be a power user of credit card rewards programs

American Express was independently rated by Choice and Mozo to have some of the best rewards programs.

Kate Jones Anthony Bianco maximises the rewards points for his credit card but diligently pays off the balance every month.

How to choose your first credit card

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Kate Jones Choosing your first credit card is equal parts daunting and exciting.

Why you should use a mortgage broker

A mortgage broker puts the borrower at the centre of the process.

Mark Bouris At a time when the finance industry has become too complex for most Australians, there is also a low awareness of what finance or mortgage brokers do, and how they can help the borrower.

Forget super, pay off your mortgage

Illustration: John Shakespeare

Nicole Pedersen-McKinnon Superannuation offers tax advantages but it can't beat the security of a fully paid off home and the time to tackle the debt mountain is while rates are cheap.

Big-bank mortgage holders can easily do better

John Collett Why big-bank customers should pick up the phone and ask for a bigger interest-rate cut.

Personal loans are the cheaper debt product Aussies forgot

Nicole Pedersen-McKinnon We're in love with credit cards, but that costs us more than it needs to.

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