Everything you need to know about Bankruptcy Notices

Posted by:Charles Bosse

If you have acquired a bankruptcy notice or court order you must take action quickly to minimise future suffering. Owing someone else money referred to here as a creditor, can be any person or company to whom you owe money. If you’re unfit to pay money to a creditor, the creditor will speak with the…

Australia’s Household Debt Crisis Looms

Posted by:Charles Bosse

Today in the news, former economics advisor John Adams said that Australia is too late to avoid an ‘economic apocalypse’ in spite of his repeated warnings to the political elites in Canberra. He continued to implore the Reserve Bank to raise interest rates to stop household debt getting further out of hand. This bubble is…

ATO Debts Getting Out of Hand? Warning to all ABN holders, your ATO Debts may now destroy your credit rating. Beware of ATO Bankruptcy!

Posted by:Charles Bosse

There is bad news for business owners who have an ATO debt as of 1st July 2017. Small businesses must be careful of ATO Bankruptcy since the ATO may unveil details of your tax debts to credit reporting agencies like Veda Advantage and Dun & Bradstreet. This will make it a lot more arduous for…

What Stays On Your Credit Report And For How Long?

Posted by:Charles Bosse

A credit report is a comprehensive document that details your history with creditors and has a notable effect on your future financial capabilities. Having a ‘good’ credit report is normal as long as you pay your bills and debt repayments punctually. Having said that, missing a repayment on a bill or debt repayment can cause…

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