Making debt work for your clients – ifa

This article looks at several strategies that when used in combination with your clients advice will allow their debt to work more effectively and help them achieve their financial independence earlier than planned. Accessing equity If the value of a clients property has increased then refinancing can unlock this equity to access funds for a…

Centrelink chasing 11,000 welfare recipients over $32m in ‘pandemic-related debts’ – ABC News

Centrelink and debt collectors working on behalf of the Australian government have been chasing people to pay back millions in welfare money allegedly overpaid to them during the COVID-19 pandemic. Key points: Centrelink is pursuing 11,000people to repay $32m in debts they accrued due to getting both JobSeeker and JobKeeper There are allegations of double…