| 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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| Understanding APRA's New Mortgage Lending Limits Mon, 27 Apr: The Australian Prudential Regulation Authority (APRA) has announced a significant policy change aimed at enhancing the stability of the housing market. Effective from February 2026, APRA will implement a cap limiting banks to issuing no more than 20% of new home loans to borrowers with a debt-to-income (DTI) ratio exceeding six times their income. This measure applies separately to both owner-occupier and investor loans. - read more
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| NAB's Forecast: Rising Bad Debts in a Volatile Economy Mon, 27 Apr: National Australia Bank (NAB) has issued a cautionary statement regarding an anticipated increase in bad debts, attributing this outlook to mounting global instability and a fragile domestic economy. The bank expects credit impairment charges to reach approximately $706 million for the first half of 2026, marking an increase of around $300 million from previous forecasts. - read more
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| APRA's Perspective on Australia's Financial Vulnerabilities Mon, 27 Apr: In a recent address at the 2026 AFR Banking Summit, Australian Prudential Regulation Authority (APRA) Chair John Lonsdale highlighted several factors that render Australia's financial system particularly susceptible to global shocks. He pointed out the nation's reliance on overseas markets for funding, its open and trade-exposed economy, and a concentrated banking industry heavily invested in residential mortgages. - read more
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| Electric Vehicle Financing Sees Unprecedented Growth in Australia Mon, 27 Apr: In recent months, Australia has witnessed a remarkable surge in electric vehicle (EV) financing, with a 48% year-on-year increase reported in February 2026. This growth comes despite a general downturn in the broader motor finance market, which saw a nearly 3% decline compared to the previous year. The Australian Finance Industry Association (AFIA) attributes this trend to escalating fuel prices and the effectiveness of government incentives, such as the Fringe Benefits Tax (FBT) exemption for EVs. - read more
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