Welcome to Illawarra Quilters

Welcome to Illawarra Quilters

The Illawarra region is located on the South Coast of NSW, just beyond Sydney, where the escarpment meets the sea, with Wollongong as the major city.

The Illawarra Quilters group was formed in 1987 with 45 members. Over the years our membership has increased to over 200.

Our first exhibition, held in 1988 has become a regular event held every two years, showcasing members’ work and raising funds to support local community institutions.
Illawarra Quilters are dedicated to fostering the art of quilt making, both traditional and contemporary, offering friendship and advice along the way. Workshops and retreats with local and international tutors are conducted throughout each year, promoting new techniques and breaking new boundaries.

Novated Lease

Novated Lease

Novated Lease

Parties who want to form a new novated lease must be able to legally create a contract. The creditor must be able to dispose of his previous claim. The debtor must be able to bind himself to the new claim. In addition to these requirements, additional conditions are required.

The difference between the two obligations must relate to one of the constituent elements of the obligation. There must be a modification of the object and the cause of the obligation, the person of the debtor, the person of the creditor, or the terms of the obligation. A novated lease must bring something new, otherwise the transaction would be merely the recognition of a pre-existing debt.

For its part, the new Stratton Finance Novated Lease Calculator must be valid, failing that condition requires that the first lease will not be ended. The obligation differs from an assignment of receivables because it results in the appearance of a new receivable distinct from the former. Moreover, the debtor must consent.

This operation differs from the assignment of debt. Sometimes the transaction involves the intervention of the debtor, sometimes the new debtor will be obliged to the creditor. With expromission, the consent of the creditor is indispensable. The former debtor will be released.

In this case, the new novated lease obligation shall be created and the original obligation shall be ended. The new debtor will be obliged to the creditor. The new debtor shall be obliged to the creditor at the request or at the order of the former debtor. In this case, the new obligation may differ from the former.

This new lease implies that the debtor engages for the same purpose, but in a different capacity. The introduction or deletion of a modality entails a new novated lease because it is a condition that affects the obligation itself. It implies an extinctive effect, implying a renunciation of the creditor to his original claim. The will to end the old obligation must not be equivocal.

Novation is an agreement between a creditor and a debtor of an obligation to end that obligation and create another. Renunciation is not presumed, it is an abdicative act. Similarly, sometimes the parties have introduced a new method of settlement. This is the case where the parties simply wish to adjust the pre-existing obligation. If the intention to form a new novated lease does not appear, it will be assumed that there has been no novation.

There can be no creation if the old obligation does not go away. Since the first obligation is ended, its characteristics and accessories are not included in the second obligation. It ends the old obligation as if a payment had occurred and replaces it with a new one.

The old obligation is ended only because a new obligation is created. This double extinctive and creative effect implies a discontinuity. The exceptions that the debtor could claim against the former claim are not enforceable to the new one. There is an unenforceability of exceptions that will strengthen the rights of the creditor. The accessories and guarantees are not included in the new claim, unless there has been a special agreement and the consent of those who provide the guarantees.

Happy with Your Current Car Loan?

Happy with Your Current Car Loan?

Potential Options if You Aren’t Happy with Your Current Car Loan

When you first purchased your car, you might have really been in need of a vehicle. Because of that, you might have taken out any car loan that you could get approved for. You might have also been willing to take just about any car loan because of the fact that you may have had bad credit or a low income when you purchased your car. Many people in this situation find themselves feeling desperate and will take any type of loan that might be offered to them, even if it comes with a high interest rate.

Now that the new has worn off of your car, however, you might have found that you are not happy with your car loan at all. You might be unhappy about how much you are paying in interest, for example, or you might have found that your payments are just too high for you to be able to pay easily each month. Regardless of why you might not be happy with your current car loan, you do have options. These are a few things that you can look into; if you compare your options, you might find that one of them will help you out.

Refinance Your Car

If you are happy with your current car and want to keep it but aren’t happy with your Car Loans by Stratton Finance, one option that you can look into is refinancing it. For example, this can be a good option if you would like to try to reduce your interest rate or if you feel that your payments are too high to be affordable each month. By refinancing with another lender, you may be able to get a lower interest rate, particularly if your credit has improved since you first bought your car. You might also be able to get a longer-term loan so that your payments are stretched out more and are therefore more affordable. Applying with a few lenders can help you determine whether or not refinancing might be a good option.

Trade it In

If you are interested in buying another car, you may want to consider trading in the vehicle that you have now. Then, you can use the equity in your car to help serve as a down payment for your next car loan. If you are upside down in your current loan, the lender might wrap the difference into your new loan. This can be a good option to look into if you are ready to drive something different.

Sell Your Vehicle

Some people find that selling their vehicle and paying off the current loan is a good choice. Depending on how much more money you owe on your car loan and how much your vehicle is worth, you might be able to walk away with a little bit of cash to put toward another car. If you are upside down in your loan, however, you might still owe the lender after the car is sold. For some, it can be worth it to not have to worry about having a car loan anymore.