Debt Management

No Financials Required | Car Loans

The vast majority of vehicle financiers now require the 2010 Financial Year statements from your business before final approval. Unfortunately, you (or your accountant) may not have finalised your 2010 accounts, which could stop you from buying or updating your vehicle before the end of the June, which is traditonally the time to take adv...

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Mortgage Exit Fees Banned

Until recently, the majority of lenders charged an exit fee if you paid out your home loan before the end of the term, which could add up to thousands of dollars. These fees discouraged, or in many cases, financially prevented you from refinancing your uncompetitive loan. As of the 1st July 2011, the federal government has banned these ty...

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Credit Card Interest Trap

The vast majority of credit card companies do not charge you interest for purchases (not cash advances), if you pay off the entire amount owing by the due date, but if you are $1.00 short they will charge you interest on the entire amount outstanding. We recently had a client who had mistakeningly paid his credit card bill short by some m...

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McKinnon Financial Planning Pty Ltd ABN 74 155 233 784 Australian Financial Services Licence 417488 | McKinnon Financial Services Pty Ltd ABN 82 056 817 648 Australian Credit Licence 392173 | General Advice Warning: Information contained in the pages of this website is of a general nature only and has not taken into account your particular circumstances. You should consider whether any strategies and or investments mentioned in this website are suitable for you and seek personal advice from a licenced investment adviser before making any investment decision.
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