Credit Cards

Australians lost over $55 million to scams in the first two months of 2024 alone, according to data from ACCC ScamWatch, with investment scams accounting for the overwhelming majority of the money lost by victims.

Eden Radford -

13 Apr, 2024 -

5 min read

Credit Cards

Fraud on payment cards is returning to pre-pandemic levels, with authorities and police warning Australians to be vigilant against scammers over the Christmas and New Year holidays.

Mark Bristow -

22 Dec, 2023 -

3 min read

Credit Cards

Australians are reporting a record number of scams, with the Australian Competition and Consumer Commission��_s annual Targeting Scams report showing a 47% increase from 2015 to 2016.

Mark Bristow -

16 May, 2017 -

3 min read

Home Loans

The RBA has kept the cash rate on hold for the third consecutive meeting, as Australia’s monetary policy settings work to rein in inflation.

Eden Radford -

19 Mar, 2024 -

5 min read

Home Loans

Scammers are trying to steal money from real estate tenants by falsely offering access to for-rent properties that they actually don��_t own.

Nick Bendel -

15 Jan, 2018 -

2 min read

Home Loans

Mr Najam Shah has been sentenced to five-years��_ jail after pleading guilty to one charge of conspiring to defraud financial institutions in Australia's biggest ever home loan scam.

Alex Ritchie -

10 Oct, 2017 -

2 min read

Bank Accounts

Australia’s banking industry is stepping up its war on scams and fraud, launching a new Scam-Safe Accord intended to put scammers out of business in Australia. 

Mark Bristow -

24 Nov, 2023 -

3 min read

Bank Accounts

The ACCC has reported a staggering increase in the amount of money being lost to scammers in 2018, totalling nearly $500 million.

Leigh Stark -

29 Apr, 2019 -

6 min read

Bank Accounts

ANZ has released a warning to watch out for deception this Valentine��_s Day, as Australians are losing millions of dollars to romance scams, with men and Aussies over 55 most likely to be the targets.

Alex Ritchie -

12 Feb, 2018 -

3 min read

Credit Score

With increased awareness of the threat of cyberattacks, it’s easy to feel concerned about the safety of your personal information. Criminals with access to your details could steal your identity, fraudulently run up debts in your name, and ruin your credit score, making accessing money and credit in the future much harder.

Mark Bristow -

21 Oct, 2023 -

5 min read

Credit Score

Almost a third of Australians have been hit by a financial scam, RateCity.com.au research shows.

Laine Gordon -

22 Dec, 2022 -

5 min read

Credit Score

Banks and lenders use your credit scores when deciding whether or not to approve your loan application. Learning your credit score may be the simplest way to identify fraudulent activity and may also encourage you to improve your rating in order to become a more viable candidate for financing.

Peter Terlato -

13 Oct, 2023 -

3 min read

Investment Funds

Australians lost more money to scammers in 2017 than in any other year on record, with investors being hit the hardest of all.

Mark Bristow -

21 May, 2018 -

2 min read

Investment Funds

The federal government has warned punters ahead of the Melbourne Cup to be wary of betting scams that promise high odds and big returns.

Nick Bendel -

07 Nov, 2017 -

2 min read

Investment Funds

Consumers have been warned about investment scams, with authorities explaining how they tend to originate and how they can be avoided.

Nick Bendel -

24 Jul, 2017 -

3 min read

Savings Accounts

The Australian Taxation Office has warned people to be careful about sharing their personal details, with scammers likely to be active during tax season.

Nick Bendel -

05 Jun, 2017 -

2 min read

Savings Accounts

The authorities are working with retailers to help prevent a scam in which consumers are cajoled to buy gift cards to pay fake tax debts.

Nick Bendel -

12 Oct, 2017 -

3 min read

Savings Accounts

Australia��_s financial services regulator has warned consumers about a scam that is pretending to recruit people for market research gigs. ASIC said that some cold-callers are claiming to be organising a ��_shadow shopping��_ or ��_mystery shopping��_ project for ASIC _ that is, recruiting people to purchase services such as financial advice to help assess the standards in the market.

Nick Bendel -

14 Feb, 2018 -

2 min read

Cryptocurrency

Intense volatility, reluctant real-world adoption and more has pushed consumer advocates to petition the newly-elected federal government to assess and identify ways to regulate cryptocurrency markets.

Peter Terlato -

21 Jul, 2022 -

4 min read

Cryptocurrency

Stakeholder consultations are underway to help establish a regulatory framework for the ever-developing crypto industry. A public consultation paper will be released soon.

Peter Terlato -

23 Aug, 2022 -

3 min read

Cryptocurrency

Altcoins aim to offer investors a unique store of value or establish some sort of online or real-world application. There is a strong appetite for alternative technology projects but with any cryptocurrency investment there is an inherent risk of failure and collapse. You can mitigate your risks by doing your research and learning more about this growing industry.

Peter Terlato -

21 Sep, 2022 -

6 min read

Superannuation

If you’re looking to dip into your super for financial support, here are some handy tips that you’ll want to know before you begin your application.

Alex Ritchie -

18 Jul, 2020 -

5 min read

Superannuation

Australia is a world leader when it comes to the aged pension but that doesn't mean there's not room for improvement. As we live longer and our ageing population continues to rise, experts warn that our first-class pension system will deteriorate under the added strain if changes aren't made.

Jodie Humphries -

24 Nov, 2015 -

3 min read

Credit Score

Between recent data breaches at major retailers including Optus and Medibank, and the influx of scam text messages and emails, you may be looking to increase your knowledge on how to tell if something is a scam or not.

Alex Ritchie -

25 Oct, 2023 -

8 min read

Credit Score

Online scams, including identity theft, are some of the most common ways Australians experience financial scams each year. If you’ve been targeted by identity theft, it’s important to know how it may affect your credit score, and what you can do to repair any damage done.

Alex Ritchie -

11 Jun, 2023 -

4 min read

Credit Cards

While all credit card fraud is concerning, card skimming and phishing is becoming more rampant and harder to control. Discover how to spot and protect yourself from card skimming and phishing scams.

Alex Ritchie -

23 May, 2023 -

6 min read

Credit Cards

Falling for a scam could see your savings account drained or your credit cards maxed out. Be aware of common scams and protect yourself, too.

Credit Cards

How to protect against financial scams

Laine Gordon -

14 Feb, 2013 -

4 min read

Superannuation

Just as with any aspect of finance, Australian superannuation also has its scams. At worst, they could wipe out your hard-earned retirement savings.

Laine Gordon -

12 Nov, 2014 -

3 min read

Superannuation

The Australian Securities and Investment Commission (ASIC) reviewed fee disclosure practices in the superannuation industry last year, and the results weren't pretty.

Laine Gordon -

27 Feb, 2015 -

3 min read

Superannuation

If you've had more than one job during your career, chances are you have more than one superannuation account - and are paying more than one set of fees.

Cryptocurrency

Most cryptocurrencies are unstable assets, prone to significant market movements and vulnerable to abrupt abolition. While there are some proven stayers, much of the industry is relatively fickle and exchanges have encountered extreme levels of volatility since inception.

Peter Terlato -

10 Nov, 2022 -

7 min read

Cryptocurrency

Even if you’ve done your research and are confident you’ve found a crypto coin that’s heading straight to the moon, you’ll need to choose a cryptocurrency exchange to make your investment.

Mark Bristow -

28 Jul, 2022 -

3 min read

Car Insurance

Have you got adequate car insurance? Every 8 minutes, another car is stolen in Australia, according to the National Motor Vehicle Theft Reduction Council (NMVTRC). The number of car thefts has been decreasing over the past few years. The bad news is that the recovery rate of stolen autos is also down.

Laine Gordon -

23 Jul, 2008 -

4 min read

Car Insurance

Most who claim from their insurance have a genuine reason to do so. However, there are a few who attempt to pull a swift one on their provider.

Laine Gordon -

27 Sep, 2012 -

4 min read

Home Loans

If you’ve never applied for a home loan online before, it’s easy to feel nervous about the prospect of making a major financial commitment by clicking a mouse or tapping a smartphone. But there are benefits to online home loans, which are often much safer than you may expect.

Mark Bristow -

22 Jul, 2021 -

4 min read

Car Loans

If you��_re a student and need a loan for a car, RateCity aims to help you make the most informed financial decisions by directing you to a suitable lender

Bria Horne -

26 Jun, 2018 -

5 min read

Savings Accounts

There are some serious competitors in the finance world and neobanks are the space to watch. Here is everything you need to know if you’re considering dabbling in the world of neobanks.

Alex Ritchie -

28 Dec, 2020 -

7 min read