Laine Gordon

Australian mortgage holders continue to take on risky levels of debt

Almost a quarter of new mortgages are considered risky, according to APRA data released today.

80% of credit card users with debt don’t know their interest rate

With the silly season now upon us, shoppers using credit cards are being warned to be careful not to get stung with big interest bills.

How Afterpay’s new bank accounts compare to the competition

Australia’s largest buy now, pay later provider, Afterpay, has launched its own banking platform, Money by Afterpay.

Australians wipe $9.31 billion off credit card debt since COVID

The national credit card debt accruing interest has fallen to the lowest level in almost 18 years, as Australians continue to clear their debt in the latest lockdown.

Credit card debt continues to plummet in lockdown

The national credit card debt accruing interest has continued to tumble in lockdown, dropping by $582 million in the month of August, according to RBA statistics released today.

Aussies slash credit card debt by $1.11 billion in lockdown

The national credit card debt accruing interest has fallen to its lowest level in almost two decades as Australians move to wipe debt in lockdown.

CBA StepPay launches today – how it stacks up in a crowded BNPL market

Australia’s largest bank, CBA, has today launched its new buy now, pay later service, ‘StepPay’.

Bank fees fall, but Australians still fork out $3.56 billion

Australians forked out $3.56 billion in personal bank fees last financial year, new figures from the RBA show. This equates to around $364 per household in bank fees a year.

1 in 3 Australians have fallen victim to a financial scam

Almost one third of Australians have been hit by a financial scam, new RateCity research shows. Scams included credit card hacks, identity theft and people who had been tricked into handing over money.

Over 1 million homeowners have never experienced an RBA hike

While the Reserve Bank has left the cash rate unchanged at 0.10 per cent today, a rate hike is on the horizon in 2024 – the same time many homeowners will be coming off a 3-year fixed rate.