It’s true the method used to arrive at a credit decision by lenders, for a finance application, will differ from bank to bank. It’s also true that the method will differ greatly depending on the type of finance (or loan) being sought. The greatest truth however is that all methods are based on, or derived from the “3 C’s of Credit”.
So what are the 3 C’s?
Continue reading What do lenders look for in a borrower?
There are many reasons to consider setting up a family trust but it is important to understand what they are and what benefits they can provide before making the move.
Continue reading Do I need a family trust?
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Beat the urge to splurge
The urge to buy something on impulse can be strong for a lot of reasons – it’s a bargain, you deserve it, or just because it’s right there. However, impulse buying can become a problem if it means you spend more than you earn. Here are our tips on how to reduce your impulse buying so you can direct your money to the things you want. Continue reading Impulse Buying
Over the last 6-12mths we have seen dramatic movements in Home Loans rates, both up and down, and all movements have been independent of any changes to the official rates by the Reserve Bank. Why ?? Continue reading So What is Going on With Home Loan Rates?
The ATO is increasing their audit focus on the following areas: Continue reading ATO’s 2017 Audit Hot Spots
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It is fast approaching the 30th of June so now is the time to run through a checklist of what you need to do prior to the end of the financial year. Continue reading Pre-June Essentials for Your Super
One of the more common strategies used by business owners to reduce tax is to purchase a car before the end of the financial year.
This often sees lenders completing up to 1/3 of their entire year’s vehicle finance budget in the last 6 weeks of the financial year. Thankfully the last minute stress and rush has been alleviated by some banks who have introduced what most call “Express Vehicle Financing”. Continue reading Express Vehicle Financing