Personal Loan News

Effective Schemes That Will Land You To A Loan

David and Libby Koch, Your Money columnists say that nowadays, landing a loan from banks is not as effortless as it used to be. An easy access to credit is a thing of the past. David Koch claims, “The days of banks hosing money at anyone who walked in the door are long gone. Lending [...]

Legal Changes In Financial Advice

In the next few months, due to possible changes in the laws concerning financial planners which will be voted on by the Federal Parliament, consumers who will sign up for advice on July 1st onward will be able to take another look at their respective advisers. Financial planners and advisers will be questioned whether they [...]

Financial Advice – Are You Getting The Best?

A recent survey on financial advice showed that financial plans for the intended clients were not at all impressive. A measly 3 percent were “Good”, 64 percent were just adequate and a staggering 36 were rated as “Poor” which only means that more than a third of those clients could be on their way to [...]

Switch Banks in Three Simple Steps

The Federal Government’s bank reform now makes it possible, among other things, for bank customers to switch banks with ease and take their entire credits and debits with them.  However, people are not too receptive to change, and rumours of exit fees, loan insurance and refinancing costs among others are keeping many bank customers glued [...]

Balanced Loan Approval System in the Works

Federal Parliament is working on new credit legislation which will require balancing negative credit information with positive history. When enacted, the credit amendments which had been through a Senate inquiry by the finance and public affairs committee will benefit mostly young Australians and borrowers with old defaults in their credit history. Dun & Bradstreet (D&B), [...]