Credit score, financial management & tips

Here’s how to grow your business if you want to take it to the next level

23 October 2019

So business is booming and you’re not content to just maintain the status quo…. you want to grow your business into something bigger. Well, strap in because you’re in for an exciting ride that will expand your skills, test your mettle and ideally put your business on the trajectory toward bigger success. Here are some tips that any small business, sole trader or freelancer can use to grow their business, regardless of industry. Decide how you want to grow There…

Comprehensive Credit Reporting is a boon for Australians

By: Credit Simple

18 October 2019

Just as we hoped, Comprehensive Credit Reporting (CCR) has improved the credit scores of millions of Aussies. Late last month, the Big Four banks shared the remaining 50% of lending data with the credit bureaus, marking the biggest milestone in the history of the new reporting regime. Literally overnight, nearly half of all Aussies using Credit Simple received an improved credit score. What is Comprehensive Credit Reporting? CCR is a reporting scheme that takes all of a borrower’s credit history…

Consumer watchdog sets its sights on the home loan industry

By: Credit Simple

16 October 2019

The Federal Government has just directed the Australian Competition and Consumer Commission (ACCC) to launch an inquiry into home loan pricing, to find out what’s holding consumers back from pursuing better offers. The inquiry seeks to answer the following questions: How exactly do lenders make their pricing decisions? How do lender choices and consumer biases affect how consumers gather, interpret and act on home loan information? To what extent does all of this factor into consumers paying more than they…

Six million homeowners could get a better mortgage

By: Credit Simple

19 September 2019

Up to 6 million Australians could save up to $40,000 over the life of an average 25-year mortgage, following the introduction of new laws by the Australian Government, according to consumer advocate group www.creditsimple.com.au. The introduction of Comprehensive Credit Reporting (CCR) means Australian banks are about to load millions of records with the credit bureaux, and lenders will now be able to see the positive records of the country’s 6.4 million home owners for the first time. www.creditsimple.com.au CEO David…

How to find the best home loan for your needs

By: Credit Simple

11 September 2019

Of course you want a home loan with low interest rates, minimal fees and an offset account that lets you deduct 100% of the balance from the amount owed. But other than that, the definition of the “best” loan varies based on your personal circumstances. Ready to apply? Check out our offers page for a range of home loan offers to suit your needs. See offers The basics As described in the intro, there are three basic things all hopeful…

Everything you need to know about online home loan calculators

By: Credit Simple

4 September 2019

Online home loan calculators can be among the most valuable tools you’ll find as you seek to maximise your borrowing capacity, nab the best deal and work out the most cost effective way to pay the darn thing off. What is a home loan calculator? “Home loan calculator” is actually a catch-all term that applies to an entire category of calculators that each has its own function. For example, one type of calculator will estimate how much you can borrow,…

3 steps to instant savings

By: Credit Simple

11 June 2019

There’s a lot that you can do to make big savings, and sometimes, it’s the little things that can make a big difference. You can make significant savings by doing these 3 things right now: Calculate your weekly income Calculate your weekly spend Automate your current savings For example, let’s say you take home $750 a week after tax. And let’s say last week, you spent $733. The simplest thing you can do right now is set up a weekly…

The right way to apply for a credit card

By: Credit Simple

22 May 2019

If you’ve thought long and hard about your need to get a credit card, and have narrowed down your options after an exhaustive comparison of rates, fees and perks, then the next step in the process of getting a credit card is to actually apply for one. Nowadays, most card providers let you do all this online, but applying for a credit card isn’t as easy as ticking a box. It can be a bit of a process, involving photo…

6 personal finance podcasts to change your money mindset

By: Credit Simple

1 May 2019

Ready to change your money mindset? These fantastic money podcasts may be just the inspiration you need… My millenial money This Aussie podcast is perfect if you want to sort out your financial future but aren’t sure where to start. Join Glen James and John Pidgeon for a laidback discussion on heaps of financial themes particularly relevant to those in their 20s, from HECS debts to ‘rentvesting’. So Money In this daily podcast, financial expert Farnoosh Torabi interviews people from…

7 money saving tips you can complete in 10 minutes each

By: Credit Simple

23 April 2019

It can be all to easy to chuck anything money or finance related in the too-hard basket. But the truth is, spending a few minutes sorting out just one aspect of your finances can make a big difference. If you’ve got 10 minutes to spare, complete one of these money saving tips and you could see instant financial results. Empty your spare change into a jar Then pop on the lid. Now every time you’ve got a few bits of…