Credit

The many Australians who are currently dealing with bad credit aren’t necessarily reckless or “bad people”. As much as we like to think we are not one of “those” people, it’s incredibly easy to fall into bad credit. Just one unfortunate event like divorce, business failure or loss of job can trigger a financial domino. You can miss one payment on a bill or credit card or experience any kind of debt and be slapped with a bad mark on your credit file permanently. And the worst thing? You might already have a bad credit record and not even know it until you get turned down for a home loan.