Tag Archives: creditscore

Australians granted a six-month deferral on loan repayments, can this affect your credit rating?

Australians granted a six-month deferral on loan repayments, can this affect your credit rating.According to The Australian Banking Association (ABA)  announcement any Australian who is granted a six-month deferral on loan repayments be it on a  mortgage or other credit products, will not have their credit rating affected. Eligibility will depend on previous credit history,...

This content is part of the Impact of adult financial literacy in Australia series.

Buying After Being Declared Bankruptcy

Declaring Chapter 7 or Chapter 13 bankruptcy is often devastating and can turn your home buying plans upside down.Going into bankruptcy shuts down your ability to borrow money or use a credit card, severely lowering your credit score. It will take some time to build back enough credit to apply for a new credit card or to...

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