Apply Now Banks restrict loans in risky mining towns “Two of the country's biggest banks, Commonwealth and ANZ, have…curbed riskier lending in areas that rely on resource industries.” To see the full article, click here.
Apply Now Aussies facing credit blacklist could rise 'exponentially' “The number of Aussies blacklisted by credit reporting bodies will increase exponentially…due to changes to the Privacy Act allowing credit bodies to share data on borrowers among themselves.” To see the full article, click here.
Apply Now New legislative changes will require banks to report payment defaults more thoroughly and more regularly. “Consumer groups are warning that Federal Government changes to credit history reporting rules will make it more difficult for low-income Australians to get loans.” To see the full article, click here.
Apply Now If you think you are the only one banks wont lend to, you may be surprised to learn it is also increasingly difficult for small to medium businesses to access funding. “It was only a short-term borrow and nobody – not even a bank – would look at us” “There are minimum [...]