Financial counsellors welcome today’s commitment by the banking industry to better banking, including making financial hardship support programs more accessible and setting up a debt repayment service. But the big question remains: why is there still no funding for financial counselling? Most of the clients seen by financial counsellors have debts with banks, yet the…
Read More Financial Counsellors Welcome “Better Banking” … but Where’s the Funding for Financial Counselling?
While lenders need to lift their game, people should “do their homework” and investigate options
Read More ASIC helps consumers to understand risks of interest-only mortgages
Research show 54% of people don’t know the meaning of the ‘minimum monthly payment’
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Current system “preys on the cultural importance of funerals and low financial literacy of Indigenous people”
Read More Indigenous consumer group pleased with funeral insurance exclusion from Centrepay
Consumer groups encouraged to refer those in need to this comprehensive resource
Read More ACCC and ASIC release guide for consumers dealing with debt collectors
Financial counsellors provide free advice about their best course of action – without incentives to sell
Read More Are debt businesses unfairly targeting vulnerable consumers?