Industry News
We always ensure to be on-top of the latest Industry News for Credit Repair Dispute Solutions.
Here, you will be able to see News Feeds from trusted sources, so you know you are getting the best possible information while being kept up-to-date!
Naming and shaming bad debtors
Written: Alexandra Cain SMH.COM.AU March 02, 2011
Article from the ‘Sydney Morning Herald’
A website allowing small businesses to name and shame those who don’t pay their invoices is making it easier to weed out late payers before going into business with them.
Generation X heading for Poverty Line RaboDirect survey reveals.
Written: by Katrina Barrymore News Limited Newspapers September 19, 2011 12:00AM
Article from the ‘Daily Telegraph’
- One in three Gen X’s struggling to make ends meet
- At least 2.5 million Aussies feel they’re in the red
- Gen X being weighed down by record debt
GENERATION X is in danger of becoming generation debt, as many Australians aged 30 to 50 are our least financially secure and are struggling under a record high level of debt.
A new survey for bank RaboDirect found about 40 per cent of Gen X say their financial situation has worsened during the past year, one-third don’t have enough emergency money to last more than two months, and one-third regularly only just manage to make it through to their next pay day.
Gen X living on the edge
Written: by Katrina Barrymore National Features September 19, 2011 12:00AM
Article from the ‘Daily Telegraph’
- GENERATION X is in danger of becoming generation debt, as many Australians aged 30 to 50 are our least financially secure and are struggling under a record high level of debt.
A new survey for bank RaboDirect found about 40 per cent of Gen X say their financial situation has worsened during the past year, one-third don’t have enough emergency money to last more than two months, and one-third regularly only just manage to make it through to their next pay day.
Gen X makes up about 40 per cent of the Australian population, according to the last Census, or about eight million people, which make them an influential group, RaboDirect general manager Greg McAweeney says.
DIY Credit Repair
Article Date: September 18, 2011 3:41PM
Self-Help Article by We Fix Credit
Some situations can be easily avoided and action can be taken on one’s own to repair their credit file.
- Dispute with the Reporting agencies  FIRST. Don’t first send disputes to the bank, collection agency or mortgage company. Always dispute your adverse listings with the reporting agencies before doing anything else.
Banks to gain cheaper funding source – Swan
Written: AAP September 15, 2011 1:23PM
- LOCAL banks and other financial institutions will be allowed to issue covered bonds as a cheaper source of funding under legislation introduced to parliament.
The initiative is part of the Government’s suite of proposals announced in December 2010 to make banks more competitive for mortgages and business loans.
Covered bonds allow for a cheaper source of funding for banks as they generally carry a AA or AAA credit rating, and higher than the typical rating of an issuing bank.
Left hanging for 22 hours
Written: by Clare Brady Today Tonight August 12, 2011, 6:20 pm
Article from the ‘Today Tonight’
- Being put on hold is one of the most annoying things for any customer, so imagine being left hanging for 22 hours.
Wanting to see just how long a major company would make him wait, one man stayed on the line for nearly an entire day. Peter Orfanidis may have made telephone history.
“You wouldn’t believe it but I was on hold for 22 hours with my telco, and I think it’s a world record,” he said.
Credit rating Black-List Fears!
Written: By Jonatjam Creek From:Â ‘Today Tonight’ May 18, 2010 06:40PM
- If you fail to pay a bill, miss a parking fine or do not settle on a late fee, you can be very easily blacklisted by finance companies.
Brisbane mother-of-two Tania Roberts and her husband Matthew are haunted by an unpaid energy bill.
In 2004 the couple moved house and asked TruEnergy to transfer their account to their new property.
They even continued as customers of TruEnergy at the new address for another year.
Fix a bad credit record
Written: By John Synott From: news.com.au May 01, 2009 12:00AM
News Article from the Herald Sun
- Step 1 – Do a credit check on yourself
- Step 2 – Clear up any disputed records
- Step 3 – Improve your credit
- Step 4 – Get help from family and friends
- Step 5 – Seek counselling
Having a good credit record is important if you want to borrow money in the future, so take a few steps to ensure that yours is as squeaky clean as possible.





