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Cross collateralisation is a bit of a mouthful, however if you are a property investor, or intending on becoming one, it’s something you should be fully informed about

If you are in some trouble with your banks there are a few simple tricks to buy you more time.

Seeking assistance from your bank at times of financial hardship is not always a straight forward matter, there are some important factors to take under consideration first before deciding what to do.

No surprise to you that banks do not like foreclosing on their customers, it’s bad for business, it’s bad for public image and it’s bad for their internal financial reporting. This is why banks are willing to work with you, conditionally, to remedy your mortgage and get you back on track.

Your on the pension or Centrelink and you inherit or receive a large sum of money, do you notify Centrelink? Find out more.

The following is a shortlist of DO’s and DON’T’s to assist in keeping your small business healthy and functional. Some of these mistakes I have made myself and the rest I have observed with business colleagues and clients over the years. Many businesses have gone broke because these basic fundamentals were not observed.

You put time and money seeking new clients, a common reason for broker burnout is the constant struggle searching for new clients. There are some brokers who spend very little marketing time seeking new clients and most of their marketing time harnessing old clients for good reason, it is far better value for money and time for you.

Its common knowledge that in recent times the WA property market has experience a slump in property valuations, reasons for this are varied and complex including GFC, industries scaling back on local business investment and some business running risky ventures before the fact then hit the insolvency brick wall after the fact.

To seek out debt solutions families across Australia have to make this very difficult and consequential decision, do I apply for Bankruptcy and seek immediate debt relief? Or are the long term consequences going to put me into deeper problems?

Help with debt repayments and debt relief can be an infuriating experience for people. There are a host of debt solutions in Australia from the Banking Financial Hardship teams to professional Debt Help companies in Australia. Yet sometimes there is that feeling you are not getting the best debt assistance due to conflicting motives.