Everything you will need to know about Bankruptcy Notices

Posted by:Charles Bosse

If you have obtained a bankruptcy notice or court order you must act rather quickly to avoid future suffering. Owing anyone money known here as a creditor, can be any person or organisation to whom you owe money. If you’re not able to pay money to a creditor, the creditor will consult with the Australian…

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 prevent an ‘economic apocalypse’ in spite of his repetitive warnings to the political elites in Canberra. He continued to advise the Reserve Bank to raise interest rates to prevent household debt getting further out of hand. This bubble is…

ATO Debts Getting Out of Control? Warning to all ABN holders, your ATO Debts may now affect 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 1 July 2017. Small businesses will want to be careful of ATO Bankruptcy since the ATO may disclose details of your tax debts to credit reporting agencies like Veda Advantage and Dun & Bradstreet. This will make it a lot more…

What Stays On Your Credit Report And For How Long?

Posted by:Charles Bosse

A credit report is a detailed document that shows your history with creditors and has a major effect on your future financial opportunities. Having a ‘good’ credit report is standard so long as you pay your bills and debt repayments in a timely manner. Having said that, missing a repayment on a bill or debt…

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