St George Bank has restricted the use of overtime and shift allowances when assessing a loan applicant’s income. It has also restricted the extent to which m.....
CreditMart recently undertook some analysis around interest rates on reward program credit card offers and found that the average interest rate on these cards was 1.....
Not all credit cards are created equally. And so it makes it that much harder to decide which credit card offer to choose. There are many factors you sh.....
Australian Central Credit Union increased revenue for the 2008 financial year by 14 per cent to $240 million, but tighter margins caused net profit for the year to remain flat at $12 million. The credit union is looking for alternative revenue streams, building on its experiments to operate more as a mortgage manager and broker when customers are looking for a home loan. Managing director Peter Evers yesterday said they are looking to purchase more residential portfolios, after last month closing the acquisition of the $310 million Mortgage Find portfolio from Royal Automobile Club of WA. ACCU has recently entered the broker market, offering loans from a panel of twelve other lenders. Deposits increased five per cent to $1.5 billion during financial year 2008, with total loans under management just over $3 billion – which includes loan portfolios under advice.
