Banks’ unclear pricing costing frustrated borrowers thousands
Borrowers who don’t shop around due to the banks’ unclear pricing tactics are losing out on an average of $850 a year, an ACCC report has found.
Entries by Ben Behar
Don’t dive into credit card debt this Christmas
Every Christmas almost half of the Australian population decides to go swimming in credit card debt to get through the festive season. But there’s two big reasons why you shouldn’t do that this year.
Bank wanted mortgage broking fees transferred to customers
A big four bank almost overhauled its broker remuneration model so that the cost of mortgage broking services would be transferred to the customer, the royal commission heard. Here’s how to prevent that from happening.
Stress tested your home loan recently? Don’t stress
Seven in 10 Australian mortgage holders have not stress tested their home loan. But don’t stress, it’s much easier to do than you think.
Buy now, pay later schemes putting young shoppers at debt risk
One in six customers who use payment methods such as Afterpay and Zip Pay run into financial strife – and ASIC is putting the ‘buy now, pay later’ industry under the spotlight.
