In 2014, the government introduced comprehensive credit reporting to Australia. This type of credit reporting has been used in the US and UK for many years.
With Australia’s household debt-to-income ratio being one of the highest in the world, individuals and families are finding it harder than ever to keep up with their repayments.
Getting a home loan can be a highly stressful experience, what with all the jargon and paperwork, not to mention the big dollars at stake.
The Pension Loans Scheme allows people who are at the age pension age to apply for a loan from the government to supplement their retirement, effectively functioning as a reverse mortgage.
Steady house prices and low interest rates are encouraging would-be buyers into the property market.
Credit problems – who has them? If you’re reading this article, chances are you have, or you know someone who has.
Why do banks bombard us with incomprehensible jargon? And what’s with all those annoying acronyms?
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