Jul 26

Credit card repayments can be difficult to maintain. Most main lenders use a personal loan for refinancing credit cards. Problems arise when you try to refinance a credit card that is defaulted. (For more information on what it means to default see the FAQ’s section of Loan Saver Network website) Main lenders shy away from taking what they call bad credit loans or credit card defaults

In the case of a Credit card default you will need to source other avenues to cover the debt. As once it reaches the stage where its deeemed a default, the lender will list a credit default on your credit file and want you to repay the whole debt.

For more information see the blog article Credit Card Default

If this is the case, Loan Saver Network can help. For more information simply Apply for a Loan or contact us .

Jul 12

Credit Card Default is the one of the most common causes of a credit default . Quite often we think it is only a credit card, and it can’t be that bad if i miss a payment or two. Once the card is in default, the credit card company not only wants the payment brought up to date, but the whole credit card account paid and closed. This is where a simple credit card default turns into a credit default against your Credit Report .

There are ways to pay out a defaulted credit card, this is by way of a refinancing credit cards with a personal loan facility designed to pay a credit card default.

Loan Saver Network has access to these lenders.  See Bad Credit Loans for more information to pay a Credit Card Default or Simply call us on 1300 796 850 , or Apply for a Loan to find out more details.

Jul 1

Part IX (Part 9) Debt Agreement is Part IX of the Bankruptcy Act. Part 9 of the Bankruptcy act provides a mechanism for eligible debtors to avoid Bankruptcy. Applying for a Part 9 debt Agreement should not be taken lightly, and you should alway consider the agreement to be part of the Bankruptcy Act and if at all possible should be avoided.

Part IX of the bankruptcy act allows a debtor (you) to enter into a debt agreement with your creditors (lenders) where they may recieve less than the full amount of your debt; and where your debt will be finalised.

Is there criteria for entering into a Part 9 Debt Agreement? For more information regarding Part 9 Debt Agreements see ” Should i Apply for a Part 9 Debt Agreement ?”

There are lenders who may provide unsecured finance to Consolidate Bad Debts even if you have credit defaults.

Contact Us or Apply for a Loan to obtain more information on the products available to you.