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?
ICAN reports dramatic rise in former high-paid workers seeking assistance with financial woesRead More Qld financial counsellors call on state govt to support people through resource sector job losses
Consumers better off seeking free advice from financial counsellorsRead More Harmful debt businesses paint themselves as ‘friend’ of struggling Australians
While lenders need to lift their game, people should “do their homework” and investigate optionsRead More ASIC helps consumers to understand risks of interest-only mortgages
Regulations aren’t working, say consumer advocatesRead More New research shows payday lending sector booming as low income consumers suffer
Peak body says ruthless debt collection putting people at further riskRead More Financial counsellors urge Govt to address legal online betting in gambling inquiry
Research show 54% of people don’t know the meaning of the ‘minimum monthly payment’Read More CHOICE: Big banks handing down 26 year credit card debt sentences
Report shows offers of “free bets” is forcing people into debtRead More Financial counsellors urge Government to ban access to credit for online gambling
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
65 million attempts to chase debt each yearRead More Report on debt collection industry reveals improvements, ACCC warns against non-compliance
Consumer groups encouraged to refer those in need to this comprehensive resourceRead 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 sellRead More Are debt businesses unfairly targeting vulnerable consumers?