swrighteconomy Banks won't hand out credit cards unless you can prove you have a steady income. With most people having to rely on part-time, casual or temporary employment, credit can only fall into obscurity.
swrighteconomy I have not had any credit card for many many years and don't miss one. I have been all around the world a few times using just my debit card. shucks the banks miss out.
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Australians to face new credit lending barriers | Sky News AustraliaAustralians will find it harder to get a credit card this year, with sweeping changes coming into effect to mitigate irresponsible lending. \n\nUnder the changes, customers who sign up for new cards will have to prove they can repay the full balance within a three-year period. \n\nExperts say the restrictions can help card users from running into debt but will make it harder for new customers to be issued a credit card. \n\n\n\n\n\n\n\n And they wonder why the economy is going soft. More regulations that hinder businesses and consumers causes the economy to weaken. This has got to be good news for Afterpay Three years? If you can’t pay it in three weeks you shouldn’t have it.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Credit crunch fears could prompt rethink on loan curbs: MacquarieThe regulator could further loosen its curbs on mortgage lending in response to concerns banks are being too cautious, Macquarie economists have suggested. ..or not..
Source: theage - 🏆 8. / 77 Read more »
Credit crunch fears could prompt rethink on loan curbs: MacquarieThe regulator could further loosen its curbs on mortgage lending in response to concerns banks are being too cautious, Macquarie economists have suggested. Is there anything else you'd like?
Source: smh - 🏆 6. / 80 Read more »
'Deadbeat map': China opens up social credit scores to social media platform WeChatThe latest tool to be piloted as part of China's Social Credit System pinpoints on the map those deemed untrustworthy and blacklisted, all from the palm of their hand. Peter Dutton's wet dream. We need this in Australia for morons who are not social justice warriors, climate change believers and equality advocates. We could also score against ToxicMasculinity and those not supporting the ABC. Dead set some of the rulers in Australia are in admiration of Communist China,... smh They will still trade with the NAZI bc you know, it's good for business *sigh*
Source: abcnews - 🏆 5. / 83 Read more »
Former AFP staffer told to repay $45K spent on corporate credit cardThe magistrate, who acknowledged the crime appeared to be linked to a significant gambling issue, orders Gary Fahey, the former right-hand man to the head of the AFP, to repay the $45,150. Well he wasn't a good risk operations manager on the punt, I mean losing $45K. He should have stuck to what he was good at. Imagine if he was a Union official - it would be throw away the keys! RC into AFP anyone? How is that sentence a deterrent to stop other people doing the same?
Source: abcnews - 🏆 5. / 83 Read more »
Moody's lifts WA credit rating outlook amid warning of threat from China trade warMoody's raises WA's credit rating outlook from stable to positive but there are warnings about the possible impact on the state's economy from the China-US trade dispute.
Source: abcnews - 🏆 5. / 83 Read more »
Credit cards cut up before Christmas as consumers opt for debitAustralia's love affair with the plastic appears to be coming to an end, with a falling number of accounts and the biggest annual decline in credit card lending in 13 years of records. Australia’s businesses love affair with plastic, you mean! We had perfectly good reusable glass before business went plastic mad for profit sake. Their problem, their obligation to fix it! We Have No Money Its because of AfterPay, ZipPay, VetPay, blah blah... No credit checks and Gen Y and Millenials run on max credit!
Source: abcnews - 🏆 5. / 83 Read more »
Six maxed-out credit cards no barrier to accessing payday loans, inquiry hearsSix maxed-out credit cards have proved to be no barrier for one man who accessed thousands in payday loans, a Senate inquiry has been told in newly-released documents Like every other borrower, the man is responsible for his own circumstances. Banks are criminals.... high interestrates and fees
Source: abcnews - 🏆 5. / 83 Read more »
Mastercard has dropped its new logo and the internet is angryMastercard tried to start 2019 off with a name drop. But its new logo design has backfired, with people claiming it “looks like a butt”. how dumb they remove their brand name and just haveva couple of balls hanging. The logo means they have your balls in their hands.
Source: newscomauHQ - 🏆 9. / 77 Read more »
Franking credit change could wipe billions from banks: CitigroupAnalysts find Labor's plan to end cash refunds for excess franking credits could slice billions from the value of the big four banks. Labor do not seem to consider the impact their decisions have on superannuation when you retire. Healthy big business can equal health superannuation balances. thats bad how I'm so broken hearted to hear that But que sera sera Have at them Labor The banks deserve everything they get
Source: smh - 🏆 6. / 80 Read more »