Category: Financing
Mobile Banking Trends Skyrocket
The Australian banking sector has seen mobile banking skyrocket with nearly one fifth of banking transactions (over 500,000) occurring through smartphone devices in June 2012. Community CPS Australia launched its first iPhone app in January this year and since then has already had more than 15,000 members download the app nationally and had more than 100,000 [...]
Consumer advocate for credit reporting accuracy placed 24th in Start-Up Smart Awards 2012
Innovative credit rating repair company, MyCRA Credit Rating Repairs has been placed at number 24 in the Australian Start-Up Smart Awards 2012. Headed by entrepreneur Graham Doessel, who was once Australia’s most successful non-conforming broker – MyCRA was developed in a post-Global Financial Crisis economy as a solution to tighter lending criteria and loss of [...]
Credit reporting accuracy advocate joins forces with Finance Broker's Association of Australia
The key industry body for finance brokers, the Finance Broker’s Association of Australia (FBAA) has accepted the partnership of a leading advocate for accuracy in credit reporting with the aim of educating finance professionals and in turn consumers on issues around credit reporting accuracy and the benefits for loan qualification. The FBAA’s National President, Peter [...]
Community CPS Australia reports strong interim results
One of Australia’s most prominent credit unions, Community CPS Australia, has posted strong results for the first half of the 2011/12 financial year despite a tough consumer financial market. The credit union reported a net profit after tax of $14.32 million, an increase of 7.8 per cent on the corresponding interim result last year, as [...]
Credit ratings suffering over inadequate Telco policies
Australians are copping the brunt of inadequate billing and complaints procedures from Telecommunications companies, and their credit files are getting the main impact, a national credit repairer warns. Graham Doessel, Director of MyCRA Credit Repairs says over 50 per cent of his clients are made up of Telco customers, and many have experienced grave errors [...]
The RBA to leave the cash rate unchanged at 4.75%.
The RBA have decided to leave the cash rate unchanged at 4.75%. The RBA Governor Glenn Stevens noted that there will be possible inflationary pressures as a result of higher utilities costs, rising food costs due to the natural disasters in QLD and high prices at the petrol pumps. We believe that this higher costs [...]
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