What You Need to Know About Changes in Fee Consent and Lack of Independence Regulations

In recent years, financial advisory firms have been under scrutiny for harming their customer bases in a variety of ways, including fees for no service and providing inadequate guidance, especially in circumstances where a conflict of interest exists between advisers and their clients’ best interests. A Royal Commission into these activities has introduced new recommendations […]

Can I Claim a Lenders Mortgage Insurance Refund for Existing or Expired Home Loans?

Applying for a home loan can be a time-consuming and often unpredictable process. This rings especially true when you have to borrow more than 80% of the home’s value. In that scenario, you’ll have to purchase Lenders Mortgage Insurance (LMI.) However, most future homeowners don’t realise that they could be eligible for a partial LMI […]

How Do I Know if I Am Eligible for a Junk Car Insurance Refund?

When buying a new or used car, you’re offered different types of add-on insurance. A car is a significant investment, so naturally, you want to do everything you can to protect it. However, you’re likely to have to negotiate with salespeople who might overload you with information and choices. As a consequence, you could end […]

Why You Should Only Work with an AFCA Debt Management Company

Unfortunately, it is not uncommon for financial institutions to deliver inadequate advice, unfit insurance policies, or simply insufficient services to their paying customers, which has recently been exposed in the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry. Startling discoveries from within prominent companies has since led to a variety of […]

What is novated leasing?

A Novated Lease, is a three-way finance arrangement between you, your employer and the lease company, of which is usually at your employers choice. Part of the payment gets deducted form your pre taxable income, which can save on the tax you pay, the amount of which is depending on your tax bracket. You save […]

Removal of Safe Lending Laws and Potential Impact on Consumers

Almost 600,000 Australians thus far have sought protection under safe lending laws. However, the federal government has proposed scrapping the laws, which can have repercussions on many consumers and borrowers in Australia. The proposal is still moving through the Senate under the purview of the Senate Economics Committee. Following a number of committee hearings in […]

Buy Now Pay Later

Buy now, pay later…sounds like a dream situation, right? It means that you can “buy” a product and take it home without paying the full cost of the product up front! You are able pay for it over time through instalments. Sounds like Layby, but better! Unlike the traditional Layby payment option, you are able […]

Misleaded by travel insurance…what next!

The one thing that has been drilled in to us, mainly by insurance companies… is the fear that potentially something terrible could happen whilst were on that one and only travelling trip. Travel Insurance is one of those purchases that we don’t often scrimp on out of due to this fear. Let’s take a look…You […]

What are payday lenders?

Payday loans (also known as Cash Advance Loans or Check Advance Loans) refer to a type of fast cash loan that is typically under $2000. The loan itself is known as an unsecured loan, as it does not need a security against it. Even though the loan is small, this can be risky business for […]