MyCRALawyers Credit Repair Tips | Most recent questions | Uno Home Loans calculator can save you thousands
simplyaskit | October 24, 2018
Top Ten Credit Repair Tips
Author: Graham Doessel from MyCraLawyers
Tip 1
Simply making an enquiry about finance with a "PayDay Lender" (i.e. Cash Converters, Nimble etc) can destroy your ability to get certain types of finance for up to five full years!
Tip 2
"Shopping Around" for finance can drastically lower your credit score and your chances for an approval. A good 'rule of thumb' is more than 4 finance enquiries in the last six months, or a maximum of six finance enquiries in the last 12 months is usually an 'auto decline' with many lenders.
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Peter S from Lane Cove West NSW asks about leaving the corporate world
I’m 46 and been in sales and business development for 20 years. I have had an idea in my mind for many years and would love the freedom of running my own business but the fear factor and financial commitments have always held me back. I’d like to ask other people’s opinion on how they took the first step, how hard they found it – the good and bad, thanks?
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David H from Speers Point NSW asks about concessional contributions and salary sacrifice
Hi
Just wanting to work out my concessional contributions for the financial year ending 30 June 2019.
I do not want to exceed the $25k Cap.
Do I calculate my Salary Sacrifice and Employer Contributions from 1 July 2018 to 30 June 2019, or by the actual amounts that were deposited into my Account? I know there is a timing difference as it is generally deposited by the 21st day of the month after its been earned/sacrificed.
Many thanks in advance.
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Peter M from Malvern Victoria asks about gifting his kids funds from SMSF
Hello, my wife and I are in our late 60’s and have 600,000 in our self-managed superfund. We have 2 kids in their 30’s who are struggling to buy a home we would like to ask if it was possible for us to distribute the funds a gift so they could buy their first home?
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