Westpac CEO Gail Kelly is believed to be concerned that St George customers may move to Bendigo or ANZ as the merger takes hold. Just one St George executive ha.....
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.....
Lenders will be forced to be responsible 13 October 2008
The Commonwealth government will introduce a "responsible lending test" to the consumer credit code next year according to sources. Under the new rules, lenders who push debt onto borrowers who can't afford it will be heavily penalised and could lose their license to lend money. The government will also extend the code to cover mortgages over investment properties. Previously the consumer credit code, which until now has been administered by the states, covered mortgages for owner occupiers, but now a second mortgage taken out for investment purposes.
