Mark Bristow

What is comprehensive credit reporting?

Comprehensive credit reporting is a system which includes both positive and negative information on a person’s credit file, to make credit reports fairer and more accurate.

Can you deposit money into somebody else's bank account?

One of the easiest banking tasks in the world is depositing money. You can even deposit money into someone else’s bank account if you wish.

Household spending eases – could rates be next?

Newly released figures from the Australian Bureau of Statistics (ABS) show that household spending rose at a slower pace in October 2022. Combined with news that inflation may begin to ease, is this a sign that interest rates could soon pause their journey skywards?

Some of the best home loans in December 2022

The Reserve Bank of Australia (RBA) has raised the cash rate for the last time in 2022, though more rate rises could follow in 2023. As Australians strap in for the post-holiday financial hangover, it’s important to check if your home loan is a good fit for your evolving financial situation.

Can debt collectors take money out of your bank account?

If you find yourself struggling with an outstanding debt, at some stage you could be contacted by a debt collector. In this situation, remember that both debtors and debt collectors have rights and obligations. For example, a debt collector cannot take money directly from your bank account or salary without a court order.

What are the risks and challenges of an SMSF?

A Self-Managed Superannuation Fund (SMSF) may sound great on paper, as you get to decide where your retirement savings are invested. However, an SMSF may not be the best choice for every Australian, as they also come with their fair share of potential problems to overcome if you want to get the most out of one. 

What to expect from the December 2022 RBA meeting

As the final meeting of the Reserve Bank of Australia (RBA) board for 2022 approaches, most major banks are forecasting another hike to the national cash rate. This may not be the last rate hike we’ll see over the next few months, though it’s not yet certain when the cash rate will peak before the RBA puts rates back on hold again. 

Inflation slows slightly – what does this mean for you?

Newly released data shows that Australia’s inflation rate has eased slightly. But it’s not yet clear whether this will be enough to curb the likelihood of another interest rate hike.

What does homeowner's insurance cover?

Home insurance covers the cost of repairing your property if it is damaged or destroyed in an insurable event. These events could include natural disasters such as storms or fires, unfortunate circumstances such as falling trees, or criminal activity such as break-ins or vandalism.

What can personal loan statistics tell Australians about borrowing?

When you apply for a personal loan or any other form of credit, it’s important to make a decision that will work for your household’s financial situation and your personal goals. It can also be worth looking at some statistics to see how your credit plans fit in with the wider Australian economy, so you can be more confident about the decisions you are making.