– by Kodie Axelsen
Hi! I’m Kodie, the owner of Co. Finance and boy am I excited about sharing this page with you!
Now let’s nourish your money hunger with some tips and tricks on all things money and finance! Whether you are in business or work a 9 to 5, chances are you are going to require finance at some stage in your life.
In the current economy there are some small things you can do to put yourself in the best possible position for approval for finance…
1. Keep your living expenses low. Banks are now forensic investigators when it comes to your living expenses. They will pick up on all things you are spending your hardearned dosh on, so be wary. Try and keep your expenses to a minimum 3 months prior to applying for a loan.
2. Remember that Interest Free card you had 6 years ago that you cut up and threw in the bin. Well…. That is still sitting on your credit file as an open credit card. If you have ever had one of these cards, chances are you haven’t called up the provider and cancelled your card and it is still classed as open and available credit to you. This can reduce the amount of money you can borrow.
3. If you receive Centrelink income try and make sure that all your ducks are in a row. If you aren’t getting paid based on your current circumstances the bank will pick up on this and it will effect your ability to borrow money. Report your current income and living situation so your Centrelink income is on point!
No question is too small when it comes to your finances. If you have any burning questions you want answered, I am all ears.
Email me at kodie@cofinance.com.au and I’ll respond as soon as possible.
Have an awesome month!
