News

Australians Need To Understand The Impact Of Their Credit History

Post by Sharat on June 21, 2018 · Under News · Comment 

Many Aussies simply have no understanding of the term credit history. However, it is critical that they do because it determines the access you have to credit which means it could impact everything from the homes you wish to purchase or the holidays you wish to take. This means you should take the time to better understand it. According to recent polls, as many as 60 per cent of all Australians have never checked their credit report and 30% don’t know there is a difference between their credit score and credit report. Continue reading

Millennials Want Financial Security Just As Much As Any Other Generation

Post by Sharat on June 14, 2018 · Under News · Comment 

ING says the popular perception of millennials as spend thrifts is false and that instead, more than a third are saving up to buy a home within the next three years. That is quite a difference from the image of that generation portrayed in the media which suggests they feel entitled. The ING research suggests that younger Australians looking to purchase a home are acutely aware the of the sacrifices required in order to build enough savings for a deposit. Continue reading

From July Australians With Good Credit Histories Will Be Able To Secure Lower Interest Rates

Post by Sharat on April 28, 2018 · Under News · Comments Off on From July Australians With Good Credit Histories Will Be Able To Secure Lower Interest Rates 

Many Australians experience a shudder when they hear the words ‘credit history’, particularly if they are thinking about taking out a personal loan, applying for a credit card or seeking a mortgage. Everything could change in the near future following the implementation of mandatory Comprehensive Credit Reporting (CCR). From the first of July the big four lenders will be forced to share half of their credit data regardless of whether it is positive or negative. Continue reading

Australian Commuters Will Soon Be Able To Use Alternative Payments For Public Transport

Post by Sharat on February 14, 2018 · Under News · Comments Off on Australian Commuters Will Soon Be Able To Use Alternative Payments For Public Transport 

As contactless credit card payments are increasingly becoming popular, many Sydney commuters may see the demise of the Opal card much sooner than they think. According to New South Wales Transport Minister Andrew Constance, alternative payment methods may well be on their way to become mainstream on public transport. Mr Constance made his remarks following the success of a trial where commuters were permitted to use their MasterCard to “tap on” the Manly ferry. Continue reading

Australian Attitudes Towards Spending Over Christmas Have Changed

Post by Sharat on December 21, 2017 · Under News · Comments Off on Australian Attitudes Towards Spending Over Christmas Have Changed 

Christmas is supposed to be the season of giving, but according to the results of a recent survey conducted by ME Bank, most Australians are not actually that enamoured with the idea of purchasing presents for others and seek to manipulate the gift giving process. The survey found that approximately half of all Australians have no problem with obtaining a refund for a gift they have received only to purchase the same item back again when it is on sale and pocket the profit! Continue reading