Archive for the 'Overcommitted' Category
How to Work Out if Debt Consolidation is for me?
Author: adminYou want to keep your home, but with rates on the move, and your personal debt getting out of control it will only get harder from here on.
Debt consolidation or debt refinance may be an option. What this does is that a lender will refinance all your debts with whomever the credit provider is, and will refinance these into your mortgage. What’s the benefit? A couple outcomes –
1- single repayment,
2- you have the chance to reduce your monthly repayments - which means more cash in your pocket!!!
This is not always going to be as easy as walking into your existing mortgage lender and asking for a consolidation. I’m sure they will be willing to help however they will have various rules & limitations which may not fit all your needs or goals. There are lot of funders out there all with different rules to play by. The value of your security or house may well be a factor along with your income type and level. The reason you are in a particular situation may well determine which lender will provide a better option. It may be of assistance in engaging a finance broker to work through the best options for you. This is especially the case if you have been having trouble keeping up with it all and have late payments.
In a lot of cases the refinance and consolidation of all your liabilities like outstanding rates, tax debt, store cards and alike may not be able to be renegotiated in total & therefore other strategies may need to be considered in conjunction with the refinance.
All these approaches should only be considered for an intermediate period. It may take 12-24 months to re-engineer your financial position for the future at which time a new set of strategy’s are determined and adopted to meet your next series of financial goals.
So if you think you can survive better with getting your repayments down before rates continue to go up, give Finance Know How a call or email, or better yet you can talk to Howard online!
Chat Live to Team Know How
Author: adminYou want a straight answer about your finances - But finding it hard to get one? Why don’t you chat to Team Know How live, and get that answer straight up?
Finance Know How will provide you with solutions for all your finance needs - from debt consolidation, to refinancing, to providing you with the answers for your development funding, to financing your cars or equipment - both private and business. Team Know How specialises also Small Business Finance - giving back that cash flow you need to run day to day!
Check to see if Howie is online? If he is - he is a good bloke - just ask him!
With interest rates on the move - which seems like a monthly event, are your bills drowning you, and are you continually getting those calls from the banks you owe money to - because they are just ringing to let you know that you are late again? But deep down you know that you can’t help youself? And that from here it will just keep on getting worse?
There is help! But most importantly, there is a way out! Best thing to deal with these issues ASAP, and consult the advice the Finance Professionals like Howard. Howard has access to debt mediators, refinance solutions that will repair your money problems, but better yet, Howard can set you on the path back to “breathing easy” - but even better yet! You can save your house! Fill out our Contact Form and one of our Know How Team Specialists will be in touch!
Your Mortgage is in Arrears! Bank won’t lend you money?
Author: adminHave you found yourself in a position where you are behind in your payments by 1,2,3,4,5 or even 6 months?Did you go to your bank and ask them if they could help you, only to be told no? Have you got a good reason as to why you have fallen behind?
If you do, you should contact Howard at Finance Know How asap, and discuss your refinance options. Howard specialises in putting finance solutions together for all types of situations, and specialises most importantly in dealing with mortgage arrears and credit defaults.
Call Howard today on 0419 491 494 or email at howard@financeknowhow.com.au
I am Over-committed
Author: adminDo you have multiple credit cards you can’t make repayments on, is your mortgage costing you too much money, has your employment situation changed lately? It’s hard to sometimes maintain repayments when situations change. Veda Advantage reported in November 2007 that:
Four in five Australians in debt now worry about their ability to make repayments over the next 12 months, according to a new Veda Advantage study. The study also found close to 2 million Australians admit finding it difficult to make repayments or they are unsure how they will make their next repayment – raising concerns about a new debt divide between Australians who are struggling and those who are still managing to meet their financial obligations.
There are solutions for this, best thing to do is not allow it to get worse and contact a Finance Broker who can help you with your problems. Finance Know How has experienced brokers that Know How!
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