
New me, debt free: how to ditch your debt in 2020
With a new year and a new decade comes promises of starting afresh - and for many people, that may mean letting go of old debts and getting back in touch with healthier money habits.

With a new year and a new decade comes promises of starting afresh - and for many people, that may mean letting go of old debts and getting back in touch with healthier money habits.

While December brings with it plenty of festive cheer, it also comes with a lot of strained financial purse strings. And if you’re thinking of taking out a personal loan to ease the financial pressure this silly season, you may have stumbled across the idea of personalised interest rates.
If you’ve been toying with the idea of an end of year getaway or your New Year’s resolution is to finally tackle that home reno, you'll be excited to hear that there has been a wave of personal loan rate cuts in the lead up to the festive season.

Whether it’s gifting yourself a shiny new convertible this Christmas or taking on a summer home renovation project, if you’re strapped for cash but have a laundry list of large expenses, then an award-winning personal loan could be just what you need to get the job done.

As the old adage goes: “travel is the only thing you can buy that makes you richer”.

You may have noticed that everyone has had a little bit more of a spring in their step over the last couple of weeks, warmer weather is coming… but so is the debt of winters past.

Home loan rates, savings account rates, term deposit rates - they’re all dropping, spurred on by two consecutive Reserve Bank cuts in June and July. But what about personal loan rates?

Back from an overseas trip, only to find you now have thousands of dollars of debt hanging over your head? Experian’s new research has revealed three in five Aussies who used their credit card during their holiday didn’t pay it off immediately after they returned home.

Recent RBA data has revealed that the total value of personal loans Aussies have been borrowing has sunken to their lowest levels since 2015 by $4.8 billion.

ME’s recent Love and Money Survey found that a whopping 51% of married couples regret how much they spent on their wedding, with the top three regretted expenses being, the reception (17%), photography/videography (13%) and wedding favours for guests (13%).