| 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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| ANZ Bank Announces Significant Workforce Reduction Amid Strategic Overhaul Fri, 07 Nov: In a decisive move to streamline operations, ANZ Bank has unveiled plans to reduce its workforce by 3,500 positions over the next year.This strategic decision is part of a broader restructuring initiative aimed at enhancing efficiency and competitiveness within the rapidly evolving financial services sector. - read more
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| Optus Penalized for Unethical Sales Tactics Targeting Vulnerable Australians Fri, 07 Nov: In a landmark ruling, Australian telecommunications provider Optus has been fined AU$100 million (US$66 million) for engaging in unconscionable sales practices that targeted vulnerable customers, including Indigenous individuals residing outside the company's mobile coverage areas. - read more
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| Surge in Personal Insolvencies Reported by AFSA for September 2025 Fri, 07 Nov: The Australian Financial Security Authority (AFSA) has released provisional statistics indicating a rise in personal insolvencies during September 2025.This uptick reflects the ongoing financial challenges faced by individuals amid economic uncertainties and evolving market conditions. - read more
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| Westpac's Annual Profit Declines Amidst Mortgage Market Competition Thu, 06 Nov: Westpac Banking Corporation has reported a slight decrease in its annual profit, recording A$6.99 billion for the fiscal year ending September 30, 2025, down from A$7.11 billion the previous year. Despite this decline, the result surpassed analysts' expectations of A$6.83 billion. The bank attributes this dip to intensified competition within Australia's mortgage market and a marginal reduction in its net interest margin, which fell by 1 basis point to 1.94%. - read more
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