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 [...]
ICAN reports dramatic rise in former high-paid workers seeking assistance with financial woes
Consumers better off seeking free advice from financial counsellors
While lenders need to lift their game, people should "do their homework" and investigate options
Regulations aren't working, say consumer advocates
Peak body says ruthless debt collection putting people at further risk
Research show 54% of people don’t know the meaning of the 'minimum monthly payment'
Report shows offers of "free bets" is forcing people into debt
Current system "preys on the cultural importance of funerals and low financial literacy of Indigenous people"
65 million attempts to chase debt each year
Consumer groups encouraged to refer those in need to this comprehensive resource
Financial counsellors provide free advice about their best course of action – without incentives to sell