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Why your credit card could stop you from getting a personal loan or mortgage?

“David, that’s it. I’ve had enough. I am ashamed to have friends around for dinner parties and even John & Julie have renovated their kitchen”. So, you acquiesce. After all your wife is right. The kitchen is tired and frayed. Old. And she has been asking for a new kitchen for the past five years. Besides you know it will add value to the house when you come to sell. Except that getting a personal

Good debt bad debt Real Value

What are you spending your money on? Good Debt Bad Debt: it’s almost a cliché in the finance world but it highlights a crucial distinction. Debt in and of itself is value neutral, it is just a way of paying for something. What is being bought is the critical issue. Spending on Activities or assets that grow revenues Asset building Business opportunities Restructuring a balance sheet to operate more nimbly would all be viewed as

Unintended Consequences

How short-sighted advice can harm your business….. As a business owner you use several different advisors; each trying to do the best by you. Sometimes, however, by operating within a narrow frame of reference their advice can have unintended consequences…. and costs Mike Davidson* an entrepreneurial mechanic from the central west of NSW wanted to open a haulage business, serving contractors to the local mining industry. He had saved $50,000 and bought a prime mover

Why the finance you want is not always the finance you need

Why the finance you want is not always the finance you need….. A farm equipment dealer from Victoria approached The International Acceptance Group for retail floor planning (or inventory finance). He wanted to bring in lower priced stock from China but at $30,000 per unit he needed finance. Retail floor planning is a complex and very effective form of finance for vehicle dealerships. However, it can be expensive, especially if your stock is just sitting

Do you know who owns your finances?

In the great Liquidity Flood, post the GFC, central banks were printing money, buying corporate bonds and in some cases offering negative interest rates. Money was cheap, plentiful and finance companies were popping up like mushrooms after a thunderstorm. On top of that the disruption of technology saw many Fintechs start up in a warm afterglow of media adulation. Yet. Now that credit markets are tightening and we are in a credit crunch. Now that