Everything you must know about Bankruptcy Notices

Posted by:Charles Bosse

If you have acquired a bankruptcy notice or court order you must respond rather quickly to prevent future grief. Owing someone else money known here as a creditor, may be any individual or company to whom you owe money. If you’re unfit to pay money to a creditor, the creditor will approach the Australian Financial…

Australia’s Household Debt Crisis Looms

Posted by:Charles Bosse

Today in the news, former economics advisor John Adams suggested that Australia is too late to stop an ‘economic apocalypse’ in spite of his repetitive warnings to the political elites in Canberra. He went on to insist the Reserve Bank to raise interest rates to prevent household debt getting further out of control. This bubble…

ATO Debts Becoming Unmanageable? Warning to all ABN holders, your ATO Debts may now impair your credit rating. Beware of ATO Bankruptcy!

Posted by:Charles Bosse

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

What Remains on Your Credit Report And For How Long?

Posted by:Charles Bosse

A credit report is an in-depth document that lists your history with creditors and has a notable effect on your future financial opportunities. Possessing a ‘good’ credit report is common provided that you pay your bills and debt repayments on schedule. On the other hand, overlooking a repayment on a bill or debt repayment can…

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