Personal loan news and advice

Although unscrupulous lending was the principal cause of the current economic crisis, it is vital that banks open up their purses again and start lending, one expert warns.

The starting point of any home remodelling plan should be to work out what you can afford, the National Association of the Remodelling Industry (NARI) has insisted.

When organising finances, it is vital that people sort their good debt from the bad, writes personal finance expert Helena Keers.

Australians who can envisage running into difficulty making payments on home loans, personal loans or credit cards may do well to take out insurance.

One in four Aussies are worrying about the amount of cash they spent over the Christmas period, a new survey has found.

Couples around the world are risking big debts in order to pay for their perfect wedding, new figures show.

Westpac has announced a raft of measures to help Port Lincoln residents whose lives have been disrupted by the recent bushfires.

As news of companies going to the wall continues to flood in and Australia teeters on the edge of a recession, JP Morgan’s money expert Stephen Walters has urged consumers to put their credit cards down.

With Christmas sales figures breaking records this year, some people may be asking themselves whether their desire to splurge on credit cards is becoming a problem.

The Reserve Bank has knocked another sizable chunk off the base rate at its monthly meeting, taking it to 4.25 per cent.

Young Australians are becoming increasingly embroiled in a debt crisis which is putting many on the path to insolvency, the Herald Sun has warned.

The market could be flooded with low interest home loans next year as experts forecast further base rate slashes.

In the battle between credit cards and personal loans, cards are more popular, although personal loans offer lower interest rates.

Australians have reduced their reliance on credit cards and personal loans as the financial crisis of recent months has deepened, the Reserve Bank has noted.

Kevin Rudd is about as "tough as marshmallow" when it comes to forcing banks to lower home loan, credit card and personal loan rates, Family First senator Steve Fielding has claimed.

Many Australians are getting extremely worried about their debt levels, one financial counsellor has claimed.

As the credit crunch tightens its grip on the Australian economy, many non-bank lenders have been forced out of the market.

Banks need to do more to make sure they don’t pull Australians further into debt, the Finance Sector Union (FSU) has insisted.

After a week of financial panic on a level not seen since the Great Depression, paying off personal loans and credit cards will play a vital role in staying afloat.

While global money problems have caused a lot of gloomy comment in recent months, it seems many Aussies are taking the initiative and paying off debts on credit cards.