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Why debt consolidation loans are often financially irresponsible

Why debt consolidation loans are often financially irresponsible

A "consolidation loan" was once described by a cynic as "putting all your hard-to-pay loans into one impossible-to-pay loan".

  • by Noel Whittaker

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How much your home loan repayments could rise this year – and how to stop it
Borrowing

How much your home loan repayments could rise this year – and how to stop it

2018 has kicked off with increased talk of interest rate hikes.

  • by Nicole Pedersen-McKinnon
The lessons for borrowers from the car industry
Borrowing

The lessons for borrowers from the car industry

The Royal Commission will have maximum benefit if it ensures that well intentioned Australians don't inadvertently have their foot on the accelerator when it comes to household debt.

  • by Catherine Robson
There's good and bad in comprehensive credit reporting
Borrowing

There's good and bad in comprehensive credit reporting

Those with a chequered credit history could find it more difficult to obtain credit this year, or pay a higher rate of interest, with the Turnbull government forcing the big banks to join the comprehensive reporting regime.

  • by John Collett
Australia wakes up to $30b credit card hangover
Borrowing

Australia wakes up to $30b credit card hangover

Australians collectively spent about $30 billion on credit cards in December and many people are looking for a balance transfer deal.

  • by Caitlin Fitzsimmons
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