"Hi I work for a Debt Agreement administrator. There are 3 ways to end a debt agreement, you pay it out in full, you can apply to have the agreement terminated (however interest backdates from the start of your agreement), or you can offer to make a…"
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Need to find loans with lower interest rates / buy a home
I was discharged from bankruptcy & only one company has accepted me. The repayments are too high because I'm on parenting payment. When I apply for a housing loan / personal loan I get declined. One company will accept me for housing loan if I can get a guarantor. Every time I apply, it goes on Baycorp (I think that is what it's called).
Please advise on what I should do.
Please advise on what I should do.
Views: 1
Replies to This Discussion
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Permalink Reply by jacquesk on -
Hi Marie
I do not envy your situation and it is outside of my limited knowledge. The only possible recommendation I have is to go to your local newsagent or library (if they have it) and get the Your Mortgage magazine. http://www.yourmortgage.com.au/ There might be something in there or options you have not known of.
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Permalink Reply by Marie on -
Thanks for your reply jacquesk! Yes I wouldn't wish this on anyone -to be in this situation. It's so easy to plead bankruptcy, however even when you're discharged, people still don't want to know you. I've bookmarked the website you recommended. I hope I get more answers than only one from others!
Have a great day jacquesk - keep that nice smile up!
Latest Activity
Cliff Mearns replied to Cliff Mearns's discussion Bankruptcy -v Debt Agreement"Ben, let's not lose the loop. How financiers view bankruptcy is not relevant to the discussion of an individual's capacity to pay something. Bankruptcy is being utilised as a means of evading debt obligations. "
Bankruptcy ben replied to Cliff Mearns's discussion Bankruptcy -v Debt Agreement"I agree with the setiment however in reality there's nothing to encourage an individual to make a payment with a Debt Agreement! While technically it's different most financial companies regard it as the same as bankruptcy."
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