What’s a payday advance app in Australia?
Pay on demand applications such as MyPayNow and Beforepay are designed to provide access to a portion of earned but unpaid wages before your official payday. Like payday loans, payday advance apps in Australia offer a safety net if you’re caught short unexpectedly.
Paying the price: The cost of payday loans
Picture this: It's the end of the month, and you're anxiously waiting for your next paycheck. An unexpected expense throws your budget off balance, and you're desperate for a solution. An online search brings up payday loans in Australia and you are tempted by the promise of immediate relief.
When we find ourselves in financial strife, it's tempting to look for a quick fix but if you don’t pay the loan back quickly, even a small amount can end up costing you big time. Before you sign on that dotted line, take a closer look at what you might be getting yourself into.
Home stretch: Is it time to change your mortgage lender?
How do those monthly mortgage payments look? Feeling the pain of constant interest rate rises? You’re not the only one.
The right direction: How to get the best car loan
We love our cars. In fact, the number of registered vehicles in 2021 was almost as many as the country’s total population. But it's no secret that buying a car is a costly exercise.
In fact, the cost of a new car has risen by an average of 7.4 percent in the past year, according to the latest figures.
Add car insurance, registration and general running costs, and it's easy to see why many people opt for a loan when buying a new set of wheels. But with so many lenders in the market, how do you find the best car loan for your needs?
Taking credit: Don’t pay for your credit report
We’ve all seen the ads encouraging us to find out our credit score or check our credit report, but how much do we really know about the process?
According to Choice, one in three Australians have no idea how credit reporting works and have never seen their credit report.
A credit report, also known as a credit file, helps financial institutions determine whether or not to lend money to an individual. A good credit history indicates that you are likely to pay your debts on time and in full. Poor credit history could make it difficult - even impossible - to get approval for loans, car leases, mortgages, or other forms of financing.