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…
Developing nation debt has more than doubled in the past decade and left more than 50 countries facing a repayment crisis, according to a campaign group. Data from the Jubilee Debt Campaign shows that even without taking full account of the impact of the coronavirus pandemic, there has been a sharp jump in the number…
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…
Loading Every bill utilities, telcos and insurances could be bloated. Providers often rely on the complacency of existing customers to keep paying over the odds. Go through your bills, using comparison websites, to determine the savings you could make by switching to a cheaper provider. 2. Mortgage and financial products Your mortgage is the biggest…
Loading Every bill utilities, telcos and insurances could be bloated. Providers often rely on the complacency of existing customers to keep paying over the odds. Go through your bills, using comparison websites, to determine the savings you could make by switching to a cheaper provider. 2. Mortgage and financial products Your mortgage is the biggest…
Debt consolidation loans let borrowers take out a single loan that covers the outstanding balance on some or all of their unsecured loans. The consolidation loan is then used to pay off each of the individual loans so the borrower is only responsible for a single monthly debt payment. This results in a more streamlined…
Dardanup Shire Council has adopted its four-year 2020-21 corporate business plan and budget with a zero per cent rates increase. In addition to the rates freeze, which was in response to economic impacts of the COVID-19 pandemic, the council has not increased its fees and charges. As part of a series of measures put in…
The National Union of Students (NUS) has slammed a federal government proposal which could mean university students who flunk half of their first-year courses lose financial support, in a bid to curb soaring HELP debts. Under the proposal, a student who fails half of their first eight subjects in a degree would lose access to…
While Aussie businesses are making small strides towards recovery, new data reveals many continue to struggle with overdue debt. Figures from digital credit agency CreditorWatch released this week show that fewer businesses defaulted on credit last month – Julys default figure was 13% lower than in June. July also saw companies take a shorter time…
University students who flunk half of their first-year subjects could lose financial support under a federal government proposal to curb soaring debts. The government is targeting students who amass debts by over-enrolling in subjects, sometimes at multiple institutions. Universities will have to make greater efforts to assess academic suitability for selected courses and monitor students’…