Month: June 2017

Higher Education Loan Program (HELP) Debt Repayment Calculator

Basic education in Australia is free but college education can be quite expensive. After you graduated high school, the Australian government is not responsible for your education anymore.  However, the Australian Government provides financial assistance to individuals who want to pursue higher education through the Higher Education Loan Program (HELP).  The Higher Education Loan Program eliminates up-front costs that commonly discourage students from pursuing college education by giving them income contingent loans.

As its name implies, HELP is a loan which you will pay with interest when your repayment income goes beyond the minimum repayment threshold. The loan repayment may start even you are still in school or doing an apprenticeship if you exceeds the minimum repayment threshold. The compulsory repayment of HELP is made through your income tax but you are also allowed to do a voluntary repayment at any time and at any amount to reduce your loan balance.

The HELP compulsory repayment rate is dependent on your income. As your income increase, your repayment will also increase. If you have a bigger income, it means you can be free of HELP loans faster. It has to be clear that the compulsory repayment rate is solely base on your income alone meaning the income of your spouse or parents doesn’t count.

Computing for your HELP repayment can be quite complicated. The HELP debt repayment calculator can help you in finding out how much money and time you can save if you increase the amount of money you contribute monthly for the repayment of student loan. The HELP debt repayment calculator can only provide you an estimate based on the information you provide on the system. It can aid you in determining the amount you need to pay for the compulsory repayment. The exact amount of compulsory repayment can only be determined after you file your income tax.

What is Debt Reduction Plan and Why You Need It?

There are many factors why we people accumulate debt such as unexpected emergencies, hospitalization or unemployment. However, the most common reason for being in debt is due to the bad spending habits. If you are spending using a credit card, it actually costs you money to spend money. Never being content is the most common reason why people are buried in debt. Plus, the lack of knowledge on how to manage that debt will make it worse and allow your debt to grow.

Everyone who has debt, regardless of the amount, wants to be free of that debt. When it comes to getting out of debt is not an easy feat as there is no such quick fix in paying the debt but we always look for a solution to that would help us reduce if not totally eliminate our debts. And that what’s a debt reduction services and debt reduction plan is all about.

A debt reduction service is a third party that offers services that would help you with your debt by working with your creditors. Most of the professional debt reduction service also offers debt relief programs such as debt reduction plans, credit counseling, debt consolidation plans, debt settlement, and bankruptcy.

The debt reduction plan is the solution most often suggested by credit counselors. The purpose of the debt reduction plan is to reduce and eventually remove your debts by reducing the fees and interest rates while arranging for a low monthly payment.  With the debt reduction plan, you promise to pay the full principal of your debt in a specified time. You can efficiently manage your debts from credit cards and other lines of unsecured credit with an effective debt reduction plan.

A credit counselor can help create a workable monthly budget that would help you with in managing your finances. It will also be good for your credit score. The downside of this is that there is an enrollment fee as well as a maintenance fee, and it takes about 3 to 5 years to remove all your debts. And you stop with the program it is likely that you will lose the concessions arranged by your creditors. This means, that your debt will again go up and there will be foreseeable fees for late payments. However, if you are serious about eliminating your debt, a workable debt reduction plan is one of your best options.

What To Do When Plumbing Emergencies Strikes

Plumbing emergency is a serious matter. It can be scary and nightmarish as it can cause damage to your home, furniture, and fixtures. Plumbing repair can be expensive and the damage it can cause to your home and your property can be extremely expensive as well. Think of your expensive carpet and your wood furniture. When the plumbing emergency strikes, it is very important that you call a Bunbury plumbing services right away. While waiting for the professional plumber in Bunbury to arrive you need take some actions to mitigate the possible damage

Turn off the water supply

When the plumbing emergency strikes it is important to turn off your water supply by shutting down the main water shutoff valve. That is why it is important to know where the main water shutoff valve is located. Turning off your main water shutoff valve is the first step you should do to lessen the damage it can cause to your home.

Shut down the water heater

If you have a gas-powered water heater, it is important to have your water heater turned or the unit itself. That is because when your water supply is off, the pressure and the hot water will build up which may cause the unit to burst. It may also cause the water heater to overheat. It is possible that you may get burned when you turn on the water heater for the first time.

Unclog your drains

There are so many ways you can unclog your drains. You check online for some tutorials or ask somebody who have experience in unclogging the drains. When DIY is not working, avoid using any connected fixture and ask the help of a professional plumber.

Turn on outside faucets

Turning on the outside faucet can help in draining the pipes. By turning on the outside faucets you are directing the water outside the house rather inside. This way you can lessen the possible damage caused by water.

Treat the pipe leaks immediately

It is important to handle the small leaks. You can use towels, rags or tape to stop the leak. If the leak cannot be stopped, you may place a bucket the under the leak to avoid flooding and damaging your property.

It is important that you have an emergency number of your trusted 24-hour plumbing services in Bunbury. Keep your where you can find and remember easily.