kNOWledge Base | Bankruptcy

You may have heard the term, but what is personal bankruptcy? How does it effect individuals and their ability to access credit? Find out all you need to know about bankruptcy as we sift fact from fiction.
Is Your Debt Consolidation Really a Bankruptcy? Don’t be Fooled!
Avoid being fooled into a bankruptcy when you think you’re consolidating your debts
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Bad Money Moves That Can Turn Your Finances into a Horror Show
When it comes to your finances, even the smallest mistake can come back and bite you on the behind i[...]
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Does bankruptcy affect ones spouse or family?
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How much debt is too much debt?
We all have our own set of individual financial circumstances, therefore the answer to the question [...]
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Categories: Bankruptcy, Debt Management, Money Matters
Insolvency vs. bankruptcy
The terms insolvency and bankruptcy are often used interchangeably. As such, they are often confused[...]
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Categories: Bankruptcy, Debt Management, Money Matters
What are the alternatives to bankruptcy?
Being declared bankrupt is a serious matter, and it can have far reaching consequences for yourself [...]
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Categories: Bankruptcy, Money Matters
What are the effects of bankruptcy?
Being declared bankrupt, irrespective of whether you declare yourself bankrupt or become bankrupt fo[...]
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Categories: Bankruptcy
What is a part IX Debt Agreement and how is it different to bankruptcy?
A debt agreement is a binding agreement between a debtor and their creditors. Debt agreements are wh[...]
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Categories: Bankruptcy, Debt Management

Approved customers only. Terms, conditions, fees and charges apply. All applications are subject to NOW FINANCE’s lending and approval criteria. Settlement times may vary depending on circumstances. Loan repayment terms range from 18 months to 7 years. Interest rates range from 7.95% p.a. (9.56% p.a. comparison rate) to 16.95% p.a. (18.53% p.a. comparison rate).

*Comparison rates are based on a loan of $30,000 over 5 years.

WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

EXAMPLE: An unsecured personal loan of $30,000 borrowed for 5 years with the interest rate of 7.95% p.a. (9.56% p.a. comparison rate), would estimate to a minimum total amount payable of $37,741.60 via the weekly payment option (including a $495 establishment fee and $13 per month administration fee). Rates are subject to change.

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