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Personal Loans News

The latest personal loans news and tips

Bankruptcies and debt agreements hit highs

Personal Loans2 min read

NAB and CBA lead Big Four in CCR

Both National Australia Bank (NAB) and Commonwealth Bank of Australia (CBA) have announced that they will participate in Comprehensive Credit Reporting (CCR) in 2018, allowing more Australians the opportunity to improve their credit ratings by exercising positive borrowing habits.

Personal Loans2 min read

Boss of dodgy payday lender cops punishment

A financial services director has been banned from engaging in credit activities for three years after being found guilty of running an unlicensed payday lending business.

Personal Loans2 min read

NAB commits to helping low income Australians

One hundred thousand no and low interest rate personal loans will be provided to low income Australians by NAB.

Personal Loans3 min read

Consumer credit insurance confusion spurs ASIC overhaul

The Australian Securities & Investments Commission (ASIC) has commenced work with representatives from the banking industry on reforming Consumer Credit Insurance (CCI) in Australia.

Personal Loans3 min read

Personal loans in high demand

An increasing number of Australians are applying for personal loans and turning away from credit cards and mortgages, according to new figures from Equifax.

Personal Loans3 min read

Aussies borrowing more conservatively

While Australians are pouring more money into their homes, we’re not borrowing as much with our personal loans or credit cards, according to new figures from the Australian Bureau of Statistics (ABS).

Personal Loans2 min read

ASIC orders Cash Converters to pay out $12 million

An ASIC investigation into payday lender Cash Convertors has found that $10.8 million must be refunded to consumers who were wrongfully issued loans and a further $1.35 million will be paid to ASIC in penalty infringements.

Personal Loans3 min read
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