Article by Patrick Lynch, Head of Operations The largest expense for most people is their mortgage. But this isn’t the only debt that is (easily) available – you might have a credit card (or cards), a personal loan for your car, HECS/ HELP, etc. Debt is not a dirty word. As the latest budget has […]
Good debt vs. Bad debt, and Debt Consolidation
Overhaul to responsible lending laws – Home loans could get a lot easier from March
As headlined in the Australian Financial Review this morning, Treasurer Josh Frydenberg will announce today that the government will in effect dump the responsible lending law that was imposed by the Rudd Labor government in 2009. The simplification will remove the Australian Securities and Investments Commission from enforcing the responsible lending rules for banks and […]
Cash or Credit, or Something New?
Article by Patrick Lynch, Head of Operations ‘Cash is King’ is one of the most common finance phrases. Recently, that has been less true when it comes to day-to-day purchases, with fewer transactions using cash (or occurring face-to-face – particularly during these COVID19 times). There has been significant growth in the use of ‘Buy now, […]