It has been revealed that banks in Australia are to get more power when it comes to deciding who will and will not get finance, and this is due to new plans with regards to credit checking potential borrowers.

Many banks in Australia face a tough time when it comes to deciding who is and is not a safe bet in terms of borrowing money, and often banks can make the wrong decision by either refusing credit to someone that is a good payer and can afford the repayments or giving out credit to someone that turns out to be struggling financially and cannot realistically meet the repayments on the loan.
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It has been reported recently that SMEs in Pe3rth are being hit with a wave of credit card fraud, and authorities have now warned that businesses in the area now need to be more vigilant.

Credit card fraud is something that has affected many consumers all over Australia, and with fraudsters using increasingly sophisticated methods more and more people have found themselves falling victim to this type of crime. However, it is not just consumers’ personal credit card details that are at risk, as a recent report has shown.
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It has been revealed in a recent report that one in five Australian consumers has fallen victim to the growing crime of identity theft.

Identity theft has become a growing problem in Australia, as well as in other countries, and according to one recent report one in every five Australians has fallen victim to this sort of criminal activity. Officials have said that often the criminals that carry out this sort of crime are using very basic methods such as stealing mail to steal consumers’ identity.
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It has been reported by the Reserve Bank of Australia that a rising number of Australians are now ensuring that they use their own bank’s ATM to make a cash withdrawal in order to avoid fees.

For many consumers in Australia the ongoing difficult financial climate has made it more important than ever to put a stop to wasting money even if it is only small amounts of cash, which as most people know only too well can quickly add up. One way in which many people have been wasting a lot of money in small amounts is through the charges made by ATMs when they make cash withdrawals from an ATM that is from a rival bank to theirs.
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According to figures released by a leading credit ratings agency the level of mortgage delinquencies amongst homeowners in Australia has been falling.

With the global financial crisis, the problems that have hit the property sector, and the recession, finances have been difficult for most households in Australia for some time, and these financial difficulties have resulted in many people missing out on repayments on both unsecured debts and even on their mortgage loans, as many have struggled to make ends meet.
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