New data from peer-to-peer lender, RateSetter has found that 47.8% of credit card holders agreed it’s too difficult to make more than the monthly minimum repayment on their balance.
Millennials often get a hard time for their money management, especially for their love of expensive brunches and extensive overseas travel, but it turns out that young Australians may be savvier than most when it comes to avoiding bank fees and debt.
Whether it’s using some time off over the winter holidays to renovate your home before spring selling season, or getting organised for a summer vacation by buying flights to Europe, ING has a new funding solution to help you make things happen.
Marble countertops and rose gold faucets may be all the rage, but when it comes to the most popular home improvements, new figures from personal loan lender RateSetter show that Australians are actually most eager to make energy efficient upgrades to their homes.
According to new research by Credit Simple, once a personal loan bill is in default, it takes an average 326 days to pay off the outstanding balance.
For many Australians, the term ‘credit history’ will elicit a yawn or perhaps a blank face. But given that our access to credit could shape everything from the homes we’re able to buy to the holidays we can take, it’s a facet of everyday finance that we’re being urged to better understand.
A personal loan can be a handy and cost-effective way to achieve big milestones in your life, like buying your first car or renovating your home, not to mention extremely useful for consolidating existing debt or establishing a good credit history.
So you’ve grown tired of your current home, do you renovate or relocate?
For many Australians hearing the words ‘credit history’ may well elicit a shudder down their spine - especially if they’re looking at taking out a finance option such as a personal loan, credit card or home loan. But in just under four months that could well change, with the impending implementation of mandatory Comprehensive Credit Reporting (CCR).
If you’re thinking about applying for a personal loan with NAB, it might be time to get your credit history in order because they’ve just become the first major bank in Australia to welcome Comprehensive Credit Reporting (CCR).