Regulators to update HELP debt guidance for mortgages

The federal Treasurer has announced “commonsense” changes to help more Aussies with student debt acquire their first home. Treasurer Jim Chalmers has announced that financial regulators – the Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC) – will be updating their lending rules in relation to Australians with HELP debt…

Earnings Before Interest and Taxes (EBIT): Formula and Example

Company financial statements often contain a mix of accounting adjustments, one-time events, and complex tax situations that could obscure the performance of a business’s core operations. Earnings before interest and taxes (EBIT) can help cut through any confusion by focusing on what truly matters: the profit a company generates from its main business activities. “EBIT…

What happens if you stop paying a debt relief company?

If you stop making payments to your debt relief company, you could face some big consequences over the short- and long-term. Getty Images If you’ve signed up with a debt relief company, chances are you were already struggling to keep up with regular bills, credit card balances or collection debt. Maybe your interest rates were…

Credit card debt mistakes to avoid this June

Avoiding some credit card debt traps this June is critical for those looking to pay down their balance. Mark Evans/Getty Images It’s seemingly easier than ever to use your credit card. With ubiquitous opportunities to swipe your cards, save them to online shopping accounts and the rise of more “no cash” shopping establishments, you may…