Deferrals of failed payments will not incur a bad credit rating: ABA
Loan repayment deferrals and deferred payments on any other credit product during the COVID-19 crisis will not incur a bad credit rating, says the Australian Banking Association.
Banks and the ATO extending a helping hand in your time of need
Australians expecting to do it tough during the coronavirus pandemic are receiving a helping hand from banks and the Australian Tax Office, which are both providing assistance measures and support in the wake of a crisis.
One in five Australians caught out the rate cut that never came
Nearly one in five Australians was left hanging after making financial decisions to prepare for a rate cut that never came, according to new research.
Should you check your partner’s credit rating?
Many divorces could be avoided if couples did a credit check on their partner before they tied the knot or moved in together, says a leading Australian Consumer and Financial law firm.
How does Centrelink assess a lump-sum loan repayment?
What happens when you borrow money, then lend it to one of your children and they can’t pay it back? Then what happens after you’ve covered their repayments and they pay you back? How does Centrelink assess this? Noel Whittaker has the answer.
Centrelink’s controversial robo-debt scheme hits new low
Centrelink’s scheme has been ramped up a notch, according to a top QC, who says information about the time limit on alleged debts has been ‘misleading’.
Pensioners could be Centrelink’s next target: leaked documents
Leaked documents obtained by Guardian Australia show that pensioners could be robo-debt’s next target, under a proposed expansion of Centrelink’s automated debt collection program.
What to do if you get a Centrelink debt notice
Phillip has been told he is in debt for Age Pension overpayments and wants to know how to challenge the ruling.
Key lenders promise to improve credit card practices
Credit card providers have vowed to improve their practices in the wake of a damning report that found more than one in six consumers were struggling with debt.
Explained ... credit card switcheroos
While there is no limit to the number of times you can relocate your card debt to reduce the interest you pay, there are some pitfalls to watch out for.
Senate inquiry set to probe actions of debt vultures
A Senate inquiry that starts today will focus on debt vultures – those unscrupulous agencies offering to fix bad credit ratings or to manage debt, but delivering little.
Here are six ways to keep your spending on track
Many of us have had years of experience managing our finances, but it’s never too late to hone our skills and learn new ways to have more control over our money.
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