Australians could be about to see a discount on their student debt for the first time since 1997, thanks to the coronavirus – Business Insider Australia

Outstanding Australian student debts could fall on their own this year, if the economy continues to decline. The nations HECS-HELP debt is fixed to the growth in the consumer price index (CPI), which fell by its largest margin in more than 70 years in June. If the next three quarters dont erase the fall, outstanding…

Mothers who lost sons to suicide after Centrelink debts write heartbreaking letters to Senate – 9News

Two mothers whose sons took their own lives after being given a Centrelink debt have hit back at government denials that its disastrous robodebt scheme ever caused suicides. Handwritten letters were submitted to a Senate inquiry this afternoon by Queensland mothers Kath Madgwick and Jennifer Miller. The women were responding to a comment made by…

Today’s biggest trends in specialist lending – Australian Broker

As we prepare for the possibility that the coronaviruspandemic may continue for longer than first anticipated, its become essential for brokers to find flexible ways to support customers lending requirements. With many banks and lenders adjusting their application assessment methods, borrowers may be finding it difficult to source the right finance, even if their circumstances…