Did your Christmas spending get out of hand this year? You are not alone! According to a recent news report, our 2018 Christmas spending binge is expected to leave us with a $29.7 billion credit card debt – that’s equivalent to $1,863 per credit card! The good news is...
Home loan rejection rate is up 32 percentage points year-on-year in an environment of tightened lending standard, slowing credit growth, and falling property prices, according to new research. The latest research from Digital Finance Analytics (DFA), which involves a...
With the tightening of lending criteria plus new rules which came into force on 1 January, 2019 is expected to be “the year that finally bursts the plastic bubble”. New figures out by the Reserve Bank of Australia (RBA) show the number of new credit card accounts...
A “world-first” report has found that home owners have much higher “financial wellbeing” than renters, with those without mortgages reporting the highest levels of wellbeing. The Commonwealth Bank of Australia (CBA) and the Melbourne Institute of Applied Economic...
Many Aussies may have headed into the new year weighed down by hefty credit card debt, as the nation is predicted to have set a new record for credit spending over the Christmas period. According to finder.com.au’s analysis of forecasted RBA data, Australians likely...
