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Financial Rights Legal Centre In The Media
Credit card interest rates ‘inexplicably high’: Choice

Sydney Morning Herald Rachel Browne – Social Affairs Reporter  Quick and convenient, Australians love their credit cards except when it comes to paying the bill. More than one in five consumers pay interest on their credit cards which consumer groups say is too high. The Reserve Bank of Australia has been called before parliament to explain why. Credit card debt [ More ]

Take it to the limit

The Age, Money – by Christine Long If you’ve maxed out your credit card, an invitation to increase your limit can seem particularly seductive.  Financial Rights and Consumer Action give advice to consumers about when credit card companies can offer consumers credit card limit increases, and the rules around unsolicited offers. There is a sure-fire way to avoid being tempted [ More ]

Centrepay lease payment arrangements tightened

Banking Day-  by John Kavanagh The Australian Government will restrict the type of consumer leases that consumers can pay for using Centrepay payments, but will increase the number of low-cost finance options Centrepay supports. The Minister for Human Services, Marise Payne, announced on Friday that the measures were designed to protect vulnerable customers. Consumer advocates have long complained about certain personal [ More ]

Plenty of room for improvement for mortgage brokers

CHOICE Magazine – By Uta Mihm Kat Lane was on the expert panel for Choice’s Mortgage Broker Shadow Show.  Choice sent five home buyers to three of the biggest mortgage broker businesses in Australia and found that home buyers should take a close and critical look at what their brokers come up with.  The sample was small, but Choice found few [ More ]

The creeping danger of Australian households’ love affair with credit

The Brisbane Times – NSW – By Rachel Browne Social Affairs Reporter Wesley Mission report released last week shed light on the increasing number of households which are technically insolvent or in financial stress. The report found spending outstrips earnings for more than one million households, and 44 per cent are in financial stress. This includes being unable to pay bills [ More ]

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