The stress of owing $1.2 million on property is becoming too much for Raj and his wife. But it's not necessarily a cash flow problem, says Paul Clitheroe.
The rules for the shopping ban seemed simple. For the next year, I wouldn't buy new clothes, shoes, books, magazines, electronics, or anything for around the house.
If you've ever made a late payment on a loan or credit card, your bank could soon be forced to tell other lenders, and you could face higher interest rates.
As a financial counsellor I often receive calls from people who are worried about a loved one's spending or mounting debt, asking how to broach the subject. The answer is: carefully.
Paul owes $21,000 in personal loans. He plans to travel overseas then declare bankruptcy on his return. So what does Paul Clitheroe think of this plan?
Our insane appetite for debt and a ridiculously overpriced property market have pushed mortgage arrears to their highest point in five years. Here's what to do if you're suffering mortgage stress.
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