Debt vulture firms preying on Australians hit by the pandemic
Predatory debt management companies have been dubbed ‘debt vultures’ for preying on Australians in financial distress due to the pandemic – and not delivering on promises.
PM issues an apology over the government’s unlawful robo-debt scheme
Prime Minister Scott Morrison has offered his “deep regret” to anyone harmed through the government’s use of the controversial and unlawful robo-debt program.
Govt to refund $721m in unlawful debts, but won’t apologise to victims
The federal government announced on Friday it would refund $721 million to hundreds of thousands of Australians charged debts under the flawed robo-debt welfare scheme.
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.
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.
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.
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.
