Property Choices, Bankruptcy, and Loan Scams Highlighted

Australians face important choices when navigating property transactions, with the order of buying and selling affecting borrowing power and loan approval processes. Selling before buying maximizes borrowing capacity, while buying first offers more control but increases financial risk. Individuals experiencing financial hardship may consider bankruptcy, which impacts mortgages differently depending on whether Chapter 7 or Chapter 13 is filed. In a separate development, concerns over predatory lending have risen following a case in Malaysia where a housewife was harassed by illegal moneylenders after responding to an online loan ad. Consumers are advised to be cautious about online loan offers and safeguard their personal information to avoid scams. These issues highlight the complex financial environment and the need for careful decision-making in property and loan matters.