Debt consolidation loans let borrowers take out a single loan that covers the outstanding balance on some or all of their unsecured loans. The consolidation loan is then used to pay off each of the individual loans so the borrower is only responsible for a single monthly debt payment. This results in a more streamlined…
The National Union of Students (NUS) has slammed a federal government proposal which could mean university students who flunk half of their first-year courses lose financial support, in a bid to curb soaring HELP debts. Under the proposal, a student who fails half of their first eight subjects in a degree would lose access to…
Dardanup Shire Council has adopted its four-year 2020-21 corporate business plan and budget with a zero per cent rates increase. In addition to the rates freeze, which was in response to economic impacts of the COVID-19 pandemic, the council has not increased its fees and charges. As part of a series of measures put in…
While Aussie businesses are making small strides towards recovery, new data reveals many continue to struggle with overdue debt. Figures from digital credit agency CreditorWatch released this week show that fewer businesses defaulted on credit last month – Julys default figure was 13% lower than in June. July also saw companies take a shorter time…
University students who flunk half of their first-year subjects could lose financial support under a federal government proposal to curb soaring debts. The government is targeting students who amass debts by over-enrolling in subjects, sometimes at multiple institutions. Universities will have to make greater efforts to assess academic suitability for selected courses and monitor students’…
The claim Both the Coalition and Labor have in the past argued that paying off Commonwealth debt is a benchmark of economic success in Australian politics. But Treasurer Josh Frydenberg recently warned Australians that his July budget update was going to contain “eye watering numbers around debt and deficit”, saying: “The coronavirus has required the…
University students who flunk half of their first-year courses could lose financial support under a federal government proposal to curb soaring HELP debts. The government has its sight set on students who amass debts by over-enrolling in subjects, sometimes at multiple institutions. Universities will have to make greater efforts to assess academic suitability for selected…
From building credit histories to being a lifesaver in emergencies, a credit card can be used for a number of reasons. And in some circumstances, having more than one can provide spending flexibility and freedom. But is owning multiple credit cards a recipe for financial disaster or a clever way to get more bang for…
Under the overhaul, a student who fails half of their first eight subjects in a degree will lose access to a government-subsidised place and HELP loans. However, higher education providers will have discretion to maintain the students’ access to funding if they can demonstrate their performance was affected by exceptional circumstances. The Department of Education,…
Queensland’s rural debt has increased by 10.75 per cent in the past two years, which the opposition says is a stark reminder that the state’s producers are doing it tough and need more help. However, a mayor in one of the regions carrying a large percentage of the state’s debt said the QRIDA 2019 Rural…