Pete Wargent blogspot

Co-founder & CEO of AllenWargent property advisory & buyer's agents, offices in Brisbane (Riverside) & Sydney (Martin Place) - clients include hedge funds, resi funds, & private investors.

4 x finance/investment author - 'Get a Financial Grip: a simple plan for financial freedom’ (2012) rated Top 10 finance books by Money Magazine & Dymocks.

"Unfortunately so much commentary is self-serving or sensationalist. Pete Wargent shines through with his clear, sober & dispassionate analysis of the housing market, which is so valuable. Pete drills into the facts & unlocks the details that others gloss over in their rush to get a headline. On housing Pete is a must read, must follow - he is one of the better property analysts in Australia" - Stephen Koukoulas, MD of Market Economics, former Senior Economics Adviser to Prime Minister Gillard.

"Pete Wargent is one of Australia's brightest financial minds - a must-follow for articulate, accurate & in-depth analysis." - David Scutt, Business Insider, leading Australian market analyst.

"I've been investing for over 40 years & read nearly every investment book ever written yet I still learned new concepts in his books. Pete Wargent is one of Australia's finest young financial commentators." - Michael Yardney, Australia's leading property expert, Amazon #1 best-selling author.

"The most knowledgeable person on Aussie real estate markets - Pete's work is great, loads of good data and charts, the most comprehensive analyst I follow in Australia. If you follow Australia, follow Pete Wargent" - Jonathan Tepper, Variant Perception, Global Macroeconomic Research, and author of the New York Times bestsellers 'End Game' and 'Code Red'.

"Pete's daily analysis is unputdownable" - Dr. Chris Caton, Chief Economist, BT Financial.

Invest in Sydney/Brisbane property markets, or for media/public speaking requests, email pete@allenwargent.com

Tuesday, 19 June 2012

6 things that can cripple your credit score

If you are considering taking out a mortgage, you want your credit score to be in the best shape it can be.

Here are 6 things you should avoid in order to protect your score:

1) Paying utility bills late

2) Forgetting to pay your rent (you'll probably get away with this, unless your landlord takes you to court)

3) Reducing income - for example, if you are made redundant or go part-time

4) Repeatedly increasing your credit card limit

5) Failing to pay a small-time vendor - unlikely to be reported by the vendor themselves, buf if they factor the debt or pass it on to a debt-collection agency, you will probably be issued with a black mark...

6) Not paying your credit card balance

Point 6 is the most common problem today.

Moderate use of credit cards and paying them off each month is the best defence against a poor credit score.

Also consider improving communication - if you can't pay your lender, try to negotiate a payment break or just paying interest for a month or two - without them reporting you!