Debt Management


Big bank sentence? 18 years card-labour

Nicole Pedersen-McKinnon The difference between the best and worst credit cards could add up to an extra 18 years of repayments.


Last of the rate cuts for home owners

The Reserve Bank deserves credit for entertaining an official cash rate of 2 per cent when economists were predicting it would rise.

David Potts The markets are tipping one final fling by the Reserve Bank with a rate cut in April next year.

Canberra's best and worst suburbs for good financial behaviour

Credit restrictions

Henry Belot and John Collett Households in Fyshwick, Pialligo and Hume have the worst financial behaviour in the ACT while those in Woden are more prudent.


Do we really need to live a life in debt?

Marcus Padley

Marcus Padley Is this the only way to live? Will the culture of debt ever stop?


Need a better deal? Tell your bank

Are you getting the best deal from your bank or is it time to shop around?

Thabojan Rasiah Whatever your lending situation, now is a better time than ever to review your loans.

Rates are low – have you got the best deal you can?

There are good deals on fixed rate loans at the moment. Is it the right time to lock one in?

John Collett A fixed-rate mortgage can lock in low rates for years. But is it right for you? Try our interactive quiz to find out.


Novice buyers should play to their strengths

With house prices in Sydney recording 3.1 per cent growth, first-home buyers can no longer rely on the formula of a house equating to five times their joint income.

Mark Bouris You have to ensure that the price you pay and the size of the repayments stacks up.


Credit scores poor in the heart of the city

People living in the inner cities have poor credit ratings.

John Collett Inner Sydney and inner Melbourne are among the worst regions in Australia for poor credit records.


Watchdog bites into boom

David Potts New rules being imposed by the banking regulator will hit first-home buyers.

Debt repairers could be out to deceive

John Collett Consumers should be wary of credit repair companies that promise, for a fee, to make debts go away.


Our $2664-a-month debt addiction

Getting rid of debt should go in descending interest rate order, starting with the credit card.

Nicole Pedersen-McKinnon Australians are crippled by debt, and the burden's getting heavier. What can we do about it?

Furore over fees for free credit reports

Credit reporting agencies may have found a way of earning easy money by charging people for reports that should be free, consumer groups say.

John Collett Credit reporting agency could be forced to refund consumers for reports they should have got for free.

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Easy way to get mortgage-free faster

Any dollar you've shovelled away and every cent that passes through your hands reduces your mortgage interest and brings your debt-freedom date forward by years.

Nicole Pedersen-McKinnon The humble Australian-invented mortgage offset account is the No. 1 debt-busting wonder. Let me prove it.


Creativity key to first-time success in red-hot market

Tim and Gaynor Richmond - with their son Harvey -  have achieved the dream of owning their own home by combining forces with Gaynor's parents, Alan and Jan Silsbury.

Kate Jones Instead of giving up on the great Australian property dream, many first-time buyers are thinking outside the square.

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Find strategies to cut loan risks

Daryl Dixon

Daryl Dixon Borrowers need to be aware of the risks they are taking on and develop strategies to reduce their possible impact.


Forget a good job – if you want a home, get yourself a plan

Melissa Browne.

Melissa Browne If you can't get a foot on the property ladder there are some alternatives.


Don't fall victim to credit card gouging

Take action to ensure you are not paying more credit card interest than necessary.

Clancy Yeates There are quicker ways to cope with credit card debt than waiting for a government inquiry.


Why wait to get a better home loan?

Too many Australians are paying too much for their mortgage.

Mark Bouris It's outrageous that people are still paying high interest when the opportunity to pay less is right under their noses.


Too many know too little about loans

John Collett.

John Collett Low levels of financial literacy are leaving consumers without the knowledge to get the best deals on home loans.


Take it to the limit

Customer consent must be obtained before financial institutions offer customers an  increase.

Christine Long If you've maxed out your credit card recently, an invitation to increase your limit can seem particularly seductive.