Rates on hold for now, will next move be up?

Rates on hold for now - will next move be up?

At its first meeting of the year, the Reserve Bank board has kept the cash rate on hold at 2.5 percent, amid growing expectations that a rate hike is looming.

Australia’s leading financial comparison website, RateCity (www.ratecity.com.au), shows that variable rates have started to climb in recent months, independently of the central bank.  

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Can I get a $1,500 payday loan with bad credit?

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.