Loans

With consumer debt continuing to rise, more Australians are relying on payday lenders as a quick fix when they need some extra cash. These lenders offer small amount loans to people who might be refused a traditional bank loan because of their circumstances. Of course, like everything that sounds too good to be true, there is a catch. Payday loans have high interest rates, typically in the double..... Read more

Rising house prices and stagnant salaries are causing more Australians to rely on their parents for help when financing their first homes. A recent study by Digital Finance Analytics found that the 'Bank of Mum and Dad' now finances over $20 billion worth of home loans and deposits nationwide – enough to put this group among the top 10 mortgage lenders in Australia. Around 55 percent of first tim..... Read more

Whether you're applying for a mortgage or a personal loan, you need to have some assurance that your request will be approved. Not only is a loan rejection disappointing and demotivating, it could also make it harder to get approved from other lenders, as the rejection may show up on your credit report. While there's always a risk that a lender won't offer a loan on your preferred terms, you can ..... Read more