Personal Loans News

The latest personal loans news and tips

New limits for payday loans and consumer leases


Mark Bristow

Mark Bristow

( 2 min read )

Bankruptcies and debt agreements hit highs

More Australians are struggling to manage debt, mortgage stress and financial hardship, with the number of bankruptcies and debt agreements around the country increasing over the past three months.


Mark Bristow

Mark Bristow

( 2 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.


Mark Bristow

Mark Bristow

( 2 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.


Nick Bendel

Nick Bendel

( 2 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.


Alex Ritchie

Alex Ritchie

( 3 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.


Mark Bristow

Mark Bristow

( 3 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.


Mark Bristow

Mark Bristow

( 3 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).


Mark Bristow

Mark Bristow

( 2 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.


Patricia Babalis

Patricia Babalis

( 3 min read )

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