Home Loans, Mortgage Refinance, Bad Credit Home Loans

Two women who were hassled and chased by Debt Collectors have decided to take legal action over the treatment they have received.

Recent legislative changes make it illegal for debt collectors to continue to hassle a debtor once asked in writing not to do so.

The two agencies are said to have continued to contact the two Melbourne women after receiving written requests that they either stop contacting them or take legal action against them

The Consumer Action Law Centre is bringing the cases in the Victorian Civil and Administrative Tribunal, on behalf of the women.

The agencies involved are Australian Receivables Limited and Baycorp Collections.

This will be seen as a test case for Debt Collectors and their debt collection strategies.

Baycorp Collections,...

In the period coming up to Christmas domestic credit card loans went up to over $40.6 billion in November. This was the first time the credit card loans had eclipsed $40 billion.

Now in the post Christmas period many more Aussies are struggling with recently acquired  credit card debts. Many more are now actively looking for debt consolidation loans.

Even if you find it difficult to qualify for debt consolidation loans it is important to maintain monthly repayments to ensure that your debts and loans are in order.

Financial Counselling Australia executive director Fiona Guthrie says the best way to deal with this debt “is sit down and go back to basics”.

“You might need to reassess your spending...

At this Festive time of the year when most of us are busy piling purchases on to our credit cards as well as store cards, it is timely to consider the true cost of these purchases.

An investigation by the consumer watchdog Choice has confirmed that in most cases retailers are not providing sufficient information about the costs of retail credit when it is offered to consumers.

Some deals included fees of as much as 87.6 per cent of the cost of the item, Choice found.