Should I Buy a Home and Land Package?

Should I Buy a Home and Land Package?

Real Estate
Have you ever thought about purchasing a home and land package? The packages can be a great investment because you are acquiring both the land and the construction of the home in one purchase with a fixed amount. It is two separate contracts with a combine price, however, there are two types of packages. Build homes and sell them as a complete house and land deal Offer a choice of land and the buyer can choose the features you would like in your new home If you want to build your dream home and design it yourself, it can turn into one of the best assets in your life. The initial purchase includes buying a ‘lot’ of land and then selecting a builder and home design, however, once you become…
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Case Study: Sarah

Case Study: Sarah

Credit File Repair
Understanding the credit default removal process can be quite difficult. It’s a lot of technical terms and legislation that can be hard to understand. It can also be a long process and from the outside it can be frustrating. Here is an example of the credit default process that one of our clients went through and what we did to tell her. One of our clients Sarah, was referred to us by a mutual connection, her friend had previously worked with us and she knew we would try our best to remove her default. The way we start our process is by getting our clients authority to start working on the case and acquiring the default documents off our client (21D and 6C). Once we receive these documents, we look…
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Knowing Your Credit Score

Knowing Your Credit Score

Credit File Repair, Finance
A credit score is the way credit providers assess the level of risk a person is towards paying credit such as a loan back. A credit score ranges between 0-1200 with the higher the score being the most likely to repay and the more reliable. Your credit score ranges from: Excellent (833-1200)Very Good (726-832)Good (622-725)Average (510-621)Below Average (0-509) Having a bad credit score can have a negative impact on your life, it can be the reason you haven’t been approved a house or that you have a high interest rate. Most people don’t check their credit score, however, if you want to be approved a loan its important to see what you have and whether you need to improve. One of the largest credit reporting bodies is Australia is Equifax,…
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Buy Now, Pay Later?

Buy Now, Pay Later?

Credit File Repair, Finance
Within the last decade, new forms of credit lenders have become available for everyone to utilize. People are steering away from credit cards or small personal loans and moving towards alternative lending apps such as Afterpay and Zip Pay. The aim of these apps is to spread the cost of a purchase overtime without having to pay interest. This can be convenient and beneficial; however, they can also be quite problematic when used without caution. Through recent develops in technology, what could be only available through a credit card in the past, can be easily done through your mobile phone. It’s a simple process: Download the app on your phoneCreate an account that includes an email address and mobile numberConfirm you are 18Enter your debit card or bank details After…
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The Process of Removing a Default

The Process of Removing a Default

Credit File Repair, Finance
What Is A Default? A default statement is an amount owed to a creditor that an individual has failed to pay overtime. This statement is recorded in your credit file and can affect your credit score. What Is the Default Listing Process? The process of getting a default is outlined in the Privacy Act 1988. This legislation specifies all the requirements and procedures towards credit such as how the listing is placed. For a default to be listed, the individual must have an overdue payment towards a credit lender.  The lender is then under legal obligation to notify the individual that there is an amount that is owed and unpaid in their agreement. A creditor would then send out Section 6Q and a Section 21D notices of the Privacy Act…
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What Is My Credit Report?

What Is My Credit Report?

Credit File Repair
Our credit file determines our financial future. It is full of the personal and financial information that credit providers use to assess our level of risk. This Information Includes: Our credit history consists of our financial records that includes our previous loans, related businesses, credit cards or varies other payment plans.   If you have made a prior attempt to gain finance, it would be recorded and placed on your credit file to be reviewed by any credit lender. Your credit rating is derived on a scale that determines your level of risk. The higher your credit score, the lower the risk to the lender.                                   Conduct of repayment is the record of how consistent you have been with payments you have been making towards any previous finances. In your credit file,…
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