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Credit Cards

$55 million lost to scammers this year… and counting

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

Eden Radford -

13 Apr, 2024 -

5 min read

Credit Cards

Scam stats: how to stay safe these holidays

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

Mark Bristow -

22 Dec, 2023 -

3 min read

Credit Cards

Aussies to splurge on online shopping this Christmas

New research from the Australian Retailers Association (ARA) and Roy Morgan is predicting that Australians will spend more than $50 billion in retail stores this Christmas season.

Mark Bristow

Mark Bristow -

14 Nov, 2017 -

2 min read

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Home Loans

Refinancing and new lending continues to slide

The home loan market cooled in the month of January, with the value of new and refinanced home loans dropping for the second consecutive month.

Eden Radford

Eden Radford -

07 Mar, 2024 -

4 min read

Home Loans

Fixing drops to new record low as borrowers hold their breath on rates

The proportion of borrowers opting for a fixed rate hit a new record low of just 1.40 per cent in March, according to the latest ABS statistics.

Eden Radford

Eden Radford -

03 May, 2024 -

5 min read

Home Loans

Refinancing halts freefall yet fixed rates hit rock bottom

The value of refinanced home loans staged a small comeback in February, with ABS Lending Indicator data recording a $478 million bump.

Eden Radford

Eden Radford -

09 Apr, 2024 -

5 min read

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Credit Score

How fast can you fix a credit score, and how do you do it?

Having bad credit may make applying for loans and credit cards feel impossible. But it is possible to recover from a bad credit score, though the length of time it will take may vary. Checking your credit report is often a good start, as is demonstrating your financial responsibility.

Mark Bristow

Mark Bristow -

28 Feb, 2024 -

4 min read

Credit Score

Should you freeze your credit report?

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

Peter Terlato -

13 Oct, 2023 -

3 min read

Credit Score

Almost 1 in 3 Aussies have fallen victim to a financial scam – don’t let that be you this Christmas

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

Laine Gordon

Laine Gordon -

22 Dec, 2022 -

5 min read

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Home Insurance

Top 10 storm hotspots – is your home covered?

New research has revealed the locations in New South Wales, Victoria and Queensland that were hit hardest by wild weather over the past financial year. With Australia coming into an El Nino summer, it’s important to make sure your home insurance is prepared, especially if you’re living in one of these areas.

Mark Bristow

Mark Bristow -

16 Nov, 2023 -

4 min read

Home Insurance

One in 25 Australian homes could be uninsurable by 2030: Is yours at risk?

A report released by the Climate Council has revealed that nationwide, approximately 520,940 properties – or one in every 25 – will be effectively uninsurable by 2030.

Georgia Brown

Georgia Brown -

28 Nov, 2023 -

3 min read

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Energy

If wholesale power prices have dropped, why are power bills still so high?

A new report shows that average wholesale prices for electricity have fallen. So, why are power bills still causing so much pain for Australian households?

Alex Ritchie

Alex Ritchie -

23 Oct, 2023 -

4 min read

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Bank Accounts

Phone scammers tricking Australians with very credible cons

There has been a "significant spike" in "remote access scams", with 2018 losses already surpassing 2017 levels, according to the ACCC.

Nick Bendel

Nick Bendel -

27 Aug, 2018 -

2 min read

Bank Accounts

ATMs and branches drop across the country – how banks are backing away from cash

The number of ATMs and bank branches has dropped by more than one in 10 in the last financial year, as banks and customers move their transactions online.

Eden Radford

Eden Radford -

19 Oct, 2023 -

8 min read

Bank Accounts

1 in 3 Australians have fallen victim to a financial scam

Almost one third of Australians have been hit by a financial scam, new RateCity research shows. Scams included credit card hacks, identity theft and people who had been tricked into handing over money.

Laine Gordon

Laine Gordon -

22 Apr, 2021 -

4 min read

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Personal Loans

More Australians falling victim to debt

Bankruptcies, debt agreements and personal insolvency agreements all rose in the final quarter of 2017, according to new data. The Australian Financial Security Authority (AFSA) has reported that there were 7,578 new personal insolvencies in the December quarter _ up 7.4 per cent on the previous year.

Nick Bendel

Nick Bendel -

31 Jan, 2018 -

1 min read

Personal Loans

A bad year for bankruptcies

It was a tough financial year for Australia��_s debtors, with the number of personal insolvencies growing to its highest figures in nearly a decade.

Mark Bristow

Mark Bristow -

19 Jul, 2018 -

2 min read

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Car Loans

Car crime stats up

Keep an eye on your car keys _ new figures from the Australian Bureau of Statistics (ABS) show that in 2016, car crime across Australia reached its highest level since 2012, driven by spiking car theft numbers in key states.

Mark Bristow

Mark Bristow -

07 Jul, 2017 -

1 min read

Car Loans

Sales of new motor vehicles climb 4.9%

One of Australia��_s key economic indicators has performed quite strongly over the past year, new data has revealed.

Nick Bendel

Nick Bendel -

20 Jun, 2017 -

2 min read

Car Loans

Car loan sales up for July as interest in green vehicles grows

Despite many parts of Australia being pulled back into COVID-19-related lockdowns, demand for new vehicles continued to grow in July by 16.1% month-on-month, according to the FCAI.

Alex Ritchie

Alex Ritchie -

18 Aug, 2021 -

3 min read

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Superannuation

Early super release rules being reviewed

The Australian government is reviewing the rules surrounding the early release of superannuation, and seeking consultation from the public on when super should be claimed.

Mark Bristow

Mark Bristow -

21 Dec, 2017 -

4 min read

Superannuation

Under 30s more likely to fall victim to unpaid super

Are you one of the millions of Australians missing out on unpaid super? It�۪s happening to workers across the nation to the tune of $5.9 billion.

Mark Bristow

Mark Bristow -

27 Oct, 2018 -

3 min read

Superannuation

From Bondi to Cranbourne: postcodes with most missing super revealed

New ATO data reveals the postcodes with the highest amount of lost and unclaimed super account values.

Alex Ritchie

Alex Ritchie -

17 Nov, 2019 -

2 min read

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Car Insurance

Worst suburbs for shopping centre car park collisions: Are you insured for the holiday season?

Discover the most at-risk times of day, and suburbs for shopping centre car park collisions. It is a timely reminder to take time this silly season to ensure that your car insurance policy is the best fit for you. 

Alex Ritchie

Alex Ritchie -

20 Dec, 2023 -

3 min read

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Savings Accounts

Gender salary gap narrows, but remains large

Females have closed the pay gap on males, according to new data from the Australian Bureau of Statistics. Full-time adult average weekly ordinary-time earnings reached $1,567.90 in November 2017 _ an increase of 2.3 per cent on the previous year. That included an increase of 2.9 per cent for females and 2.0 per cent for males.

Nick Bendel

Nick Bendel -

22 Feb, 2018 -

2 min read

Savings Accounts

ATO sounds alarm about tax scams

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

Nick Bendel -

05 Jun, 2017 -

2 min read

Savings Accounts

Unemployment falls after surge in full-time jobs
Nick Bendel

Nick Bendel -

15 Jun, 2017 -

2 min read

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