| 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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| NSW Introduces Strata Law Reforms to Strengthen Community Protections Sat, 06 Jun: The New South Wales (NSW) Government has initiated a series of reforms to modernise strata regulations, aiming to bolster transparency and accountability within strata management. These changes are designed to provide greater protection for property owners and enhance the governance standards of strata schemes. - read more
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| AMP's Strategic Sale of Financial Advice Division to Entireti Sat, 06 Jun: In a significant move within the Australian financial services sector, AMP has announced the sale of its financial advice division to Entireti for $10.2 million. This transaction includes AMP's financial services licensees—Charter, Hillross, AMP Financial, and Jigsaw—and is set to create the nation's largest advisor network, encompassing approximately 1,300 advisors. - read more
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| ASIC's Decisive Action Against Non-Compliant Financial Firms Sat, 06 Jun: The Australian Securities and Investments Commission (ASIC) has recently taken decisive action by cancelling the Australian Financial Services (AFS) licences of two financial firms: Global Pacific Solutions Group Pty Ltd and Eden Asset Management Pty Ltd. This move underscores ASIC's unwavering commitment to maintaining integrity and compliance within the financial services industry. - read more
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| Westpac's $26 Million Penalty for Hardship Application Failures Sat, 06 Jun: In a significant development within Australia's banking sector, Westpac has been ordered to pay a $26 million penalty for failing to respond to customer hardship applications in a timely manner. This ruling underscores the critical importance of banks adhering to their obligations in supporting customers facing financial difficulties. - read more
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