It’s the layby of our day but in reverse and it could damage your chances of securing a loan. The Buy Now Pay Later sector is winning-over the millennial demographic with the promise of instant gratification, but users of these products should be warned that with every sugar-high comes the risk of a corresponding low!

Seen an advert of a 6.99% personal loan interest rate only to be offered 12.99% once you submit an application? This happens all too frequently on the personal loan scene but it doesn’t have to be this way.

Like many people in Sydney, I can’t (yet) buy where I want to live as saving that sort of deposit would seemingly take me the rest of my life! I decided to put the savings I had into an investment property instead which is getting more and more popular amongst Millennials or anyone who wasn’t lucky enough to have property in Australia over the last 20 years!

Due to the endless increasing regulation in our industry, I need to start by telling you that I am not a Tax Advisor or an Accountant so the contents of this blog (and all my blogs) constitutes general advice only.