| 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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| BNK Banking Corporation Ventures into Structured Credit with Innovative Funding Platform Sun, 22 Mar: BNK Banking Corporation Limited (BNK) has announced its foray into structured finance by backing a syndicated senior secured warehouse facility. This strategic move enables a burgeoning Australian non-bank lender to access funding through a facility secured by high-quality receivables. BNK's acquisition of senior notes in this warehouse aligns with its broader strategy to establish a foothold in asset-backed lending and private credit. - read more
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| ASIC Raises Red Flags Over Practices in Australia's Private Lending Industry Sun, 22 Mar: The Australian Securities and Investments Commission (ASIC) has conducted a comprehensive review of the private lending sector, revealing significant concerns regarding inconsistent practices, unclear reporting, and potential risks to investors. This scrutiny comes in response to the rapid growth of private credit in Australia, which has expanded by 500% over the past decade, reaching approximately $200 billion in loans. - read more
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| Allied Credit Bolsters Market Presence with Acquisition of Macquarie's Car Loan Portfolio Sun, 22 Mar: Allied Credit, a leading independent financier in Australia, has announced the acquisition of a $1.5 billion car loan and novated leasing portfolio from Macquarie Group's Banking and Financial Services division. This strategic acquisition aligns with Allied Credit's vision to become a high-performance financier in the Australian auto finance industry. - read more
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| d’Albora Marinas Expands with Tin Can Bay Marina Acquisition Sun, 22 Mar: d’Albora Marinas, Australia's largest premium marina and hospitality network, has recently expanded its portfolio by acquiring Tin Can Bay Marina in Southeast Queensland. This strategic move enhances d’Albora's presence in the region and underscores its commitment to investing in premier coastal destinations. - read more
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