| How Credit Card Balance Transfers Can Damage Your Credit Rating Since the banks and finance providers have been castigated for the way they seemingly indiscriminately awarded credit to people who could ill afford it, the chances of being accepted for loans and credit cards have decreased. Concurrently, there is a greater focus on individual's being aware of how credit works and what their financial behaviors means in terms of a credit score and history. - read more
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| Credit Card Secret Guarantee Most people use credit cards in some form or another but few truly appreciate one of the special features of credit cards that make using their credit card to insure their purchases. - read more
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| 5 Credit Killers A good credit score speaks volumes about your financial habits. It's the evidence most creditors need to evaluate your credit worthiness. - read more
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| 7 things you need to know about a Hire Purchase loan There are seven things you should know before you ever think of getting a Hire Purchase loan. Knowing these things will give you control and power in the loan process. Power and control will will save you money - read more
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| ASIC Enhances Enforcement and Reviews AI in Financial Services Thu, 25 Dec: The Australian Securities and Investments Commission (ASIC) has significantly intensified its regulatory activities, reporting a 50% increase in investigations and nearly a 20% rise in new civil enforcement proceedings. This escalation underscores ASIC's commitment to upholding market integrity and protecting consumers within the financial services sector. - read more
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| ANZ Bank Alerts Businesses to Rising Sophisticated Scams Thu, 25 Dec: ANZ Bank has issued a cautionary advisory to Australian businesses, highlighting a surge in sophisticated scams that exploit vulnerabilities in financial processes. The bank emphasizes the importance of heightened vigilance to safeguard against these evolving threats. - read more
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| Bendigo and Adelaide Bank Enhances Anti-Money Laundering Measures Thu, 25 Dec: Bendigo and Adelaide Bank, Australia's fifth-largest retail bank, is undertaking significant measures to strengthen its anti-money laundering (AML) safeguards following a comprehensive review that identified critical deficiencies. - read more
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| Surge in Mental Health Claims Challenges Australia's Income Protection Insurance Thu, 25 Dec: Recent data from the Council of Australian Life Insurers (CALI) reveals a significant shift in the landscape of income protection insurance in Australia. Mental health conditions have emerged as the leading cause of total and permanent disability (TPD) claims, accounting for nearly one-third of all claims paid. In 2024 alone, insurers disbursed over $2.2 billion for retail mental health claims, a figure that has almost doubled compared to five years prior. - read more
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