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Latest News
7 January 2009
  St George Bank has restricted the use of overtime and shift allowances when assessing a loan applicant’s income. It has also restricted the extent to which m.....
 

7 January 2009
 Small business needs rate cuts
 First home buyers turn to brokers
 Credit unions pass up deposit guarantee
 Business owners like St George and ANZ
 Beware of tax office emails
Articles
Credit Cards
  CreditMart recently undertook some analysis around interest rates on reward program credit card offers and found that the average interest rate on these cards was 1.....
 

Leasing
 Commercial Hire Purchase
Article
 Building approvals fall
Online Brokers
 RAMS reports profit surge
Internet Banking
 Phishing inhibits banks communication with customers
Low Doc Loans
 RBA considers housing loan stress levels
 
Tips & Tricks
Credit Cards
 
Not all credit cards are created equally. And so it makes it that much harder to decide which credit card offer to choose. There are many factors you sh.....
 

Credit Cards
 Credit Card Balance Transfers
 Watch out for the 'revert rate' on balance transfer offers
 Watch for different interest rates on the one card
HomeLoans
 Don't compare against the so-called 'standard variable rate'
 Look out for 'deferred establishment fees'
 
Latest News
Sydney Credit Union becomes SCU
24 September 2008
 
Sydney Credit Union will relaunch as SCU this week with a more streamlined product range and user-friendly website, aimed at younger consumers. To celebrate the launch, SCU will be sending street teams across Sydney this week conducting "Random Acts Of Generosity" including free coffees, free hugs and free massages. Over the last ten years, SCU has merged with Parkes District Credit Union, Pinnacle Credit Union, Prospect Credit Union and Blue Mountains Credit Union and now has 20 branches in greater Sydney plus a few in regional NSW. The credit union has grown from approximately $100 million to $430 million in on-balance sheet assets with a further $100 million in managed funds off balance sheet.
 
Source : Sydney Credit Union
 

 
30 September 2008 - New credit card features double reward points
  - NAB funds youth business
  - Merger benefits unclear for St George and Westpac
  - Banks face crackdown from regulator
 
29 September 2008 - More banks fail in US and Europe
  - Home buyers accounts complex and costly
  - Credit Card Interest Rates Remain Stable
 
26 September 2008 - Macquarie exits lending markets
  - Heritage looks to agribusiness
  - Big rate cuts coming in October
 
25 September 2008 - Visa and MasterCard taking over debit
  - NAB may offload bad debt to US government
  - Commonwealth tipped to buy Suncorp bank
  - Banks run riot with no competition
 
24 September 2008 - Commonwealth joins velocity awards
  - BankWest quits cashflow finance
  - Aussie banks profit from credit crunch
 
23 September 2008 - NAB most exposed to US problems
  - Don't lower your mortgage repayments
  - Banks benefit from short selling ban
  - Investors switch to term deposits
  - Nab Cuts Interest Rate On Low Rate Credit Card
 
22 September 2008 - Credit Card Interest Rates Remain Constant
  - New improved frequent flyer program grounded
  - NAB and Westpac face tough debt markets
  - First home buyer accounts launched
  - Credit crunch: worst may be over
 
19 September 2008 - NSW Teachers go west
  - Market breaks MacBank
  - Expanding BankWest up for sale
 
18 September 2008 - Best home loans from BankWest, one direct and mecu
  - Aussie banks remain strong
  - Amex and credit union cards win gongs
 
17 September 2008 - Bank penalty fees to stay
  - Bank and super insurance in doubt
  - Aussie banks exposed to Wall St chaos
 
16 September 2008 - Investors give banks a pounding
 
15 September 2008 - Women miss out on savings and super
  - Two people run NAB's sub-prime program
  - Fixed rate mortgages plummet
  - Banks coy about fraud rates
  - Australian Credit Card Interest Rates Rise
 
12 September 2008 - Reverse mortgage lender is broke
  - October rate cut looks unlikely
 
11 September 2008 - Brakes on at Suncorp
  - Banks short of skills at the top
 
10 September 2008 - No rate relief on cards or business loans
  - Banks tighten lending rules
  - ANZ re-organises and cuts staff
 
09 September 2008 - Westpac plus St George is all good
  - ING plans transaction account
  - Fees up on interest free deals
  - Big bank CEO's get $9 million each
 
08 September 2008 - Banks hiring retail talent
  - St George to accept Westpac offer
  - Beware of fixed mortgages
 
05 September 2008 - Suncorp raises rates on cards
  - Pensioners caught out by welfare changes
  - NAB and ANZ most at risk
  - ANZ raises rates on deposits
 
04 September 2008 - Originations flagging for mortgage bellwether
  - No rate cuts from niche lenders
  - Few see advantage in Wizard credit card
 
03 September 2008 - RAMS and CBA lead on rate cuts
  - Profit down at Savings & Loan
  - Credit card rates go up
  - Banks cut rates on loans and deposits
 
02 September 2008 - Muslim bank planned
  - Deposits fund home loans
  - City Pacific announces big loss
  - An amazing loss
 
01 September 2008 - Wizard first to cut rates
  - Lean times for mortgage brokers
  - I haven't sold out says Aussie John
  - Credit Card Interest Growth Greatest in Low Rate Credit Card Segment
 
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