Australians are taking out fewer personal loans and suffering fewer bankruptcies, new data has revealed.
Coles Financial Services is now offering personal loans, on top of its existing offering of insurance, credit cards and prepaid cards.
It was a tough financial year for Australia’s debtors, with the number of personal insolvencies around the country growing over 2017-18 to reach the highest figure in nearly a decade.
New research from ING shows that while millennials have an inclination towards accumulating debt, they’re more serious about paying it off than many would believe.
A diverse range of small lenders are undercutting the big banks and offering some of the lowest-rate personal loans in Australia.
Australia’s financial services regulator has warned consumers to be wary of companies that claim they can fix poor credit ratings.
The Federal Court of Australia has ordered a $2 million penalty against Thorn Australia Pty Ltd's Radio Rentals for contravening its responsible lending obligations.
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