It is common for people to turn to debt to pay off their homes, cars and even personal use. Credit can cause great financial stress if not managed correctly. If you have a loan under your belt, the goal is to cut it down and to stop borrowing more to alleviate your financial health. Here […]
Borrowers can now get a hold of their credit score using a new website that was launched by Veda and lending platform Society One.
The new website allows borrowers to check their VedaScore online, making it easy for them to choose better deals and empower them in negotiating better terms with lenders. As credit scores become […]
Changes to credit scoring will take effect today, but most Australians are unaware of these important changes and how it will impact their credit capabilities. A recent survey from market firm Experian shows that 74% of their respondents are not aware of such changes, and worst, 61% cannot recall credit providers mentioning these changes. 30% […]
The new credit reporting system will be implemented on March 12 with several changes said to benefit investors. Majority of people should take advantage of the new system, as it promotes transparency and will allow lenders to offer a wide range of terms to their clients with the information made available by these changes.
The changes […]
Here’s a great way to keep your budget in check. Karina Barrymore of the Herald Sun outlines the most common sources of budget catastrophes – and it does include things we most often avoid. It is strongly advised that we go through our bills and tackle these financial challenges head on.
Credit cards and bank accounts […]
In the past 2 years, credit card debtors have paid only 45% of Australia’s credit card debt of $49.6 billion. If this continues, expect your debts to last longer than your marriage, according to Finder, a comparison web service.
This is attributed to credit card holders’ content in just paying the minimum amount. It is interesting […]
In a move to encourage transparency, Veda Advantage is making the credit scoring process public.
Australian consumers can now see details of their loan applications, including reasons for rejection. This move gives finance brokers invaluable information – such as credit scoring, in assessing their clients in directing them to the appropriate lender.
This move has been widely […]