RateCity puts financial institutions to the test. Overall: still too hard for consumers to switch banks! Home loans and transaction accounts scored the worst and credit cards the easiest.
RateCity scorecard, how easy is it to switch banks?
What do you know about your credit history?
Whether signing up for a mobile phone plan, a business loan or a home loan, approval can come down to one thing: a person's credit history. But many Australians have never checked their credit file, nor do they have a clue how to do so.
RBA stalls, yet home loan rates continue to drop
The RBA may have left the cash rate unchanged at 1.50 per cent at today’s Board meeting, but home loan rates continue to drop with close to 200 cuts in the past month.
Financial inequity extends beyond the workforce: research
Not only do women earn substantially less than men – 17.7 per cent less, on average – but new research reveals that a financial disparity between genders extends beyond the workforce into household finances.
Yes, it may be possible to get a $1,500 payday loan with bad credit. Some payday lenders give loans to people with bad credit histories if they believe the borrower has the capacity to repay the loan.
Under Australia’s responsible lending rules, lenders aren’t allowed to approve $1,500 payday loans if they don’t believe the borrower can make the repayments.