What’s the difference between a bank and a credit union?
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What’s the difference between a bank and a credit union?

Finance explained: What’s the difference between a bank and a credit union? The market for banking is healthier than ever. So you may want to know – what’s the difference between a bank and a credit union? Australia has the Big 4 banks – Commonwealth Bank, ANZ, Westpac and NAB. But there are many smaller...

interest rate rises, drops and you
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interest rate rises, drops and you

Finance explained: interest rate rises, drops and you You may hear on the news the first Tuesday of each month that interest rates might be moving. Depending on economic conditions they can rise and fall. You may think that a rise in the interest rates is only important to people who have a mortgage. Higher...

why smaller and shorter-term loans have higher interest rates
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why smaller and shorter-term loans have higher interest rates

Finance explained: why smaller and shorter-term loans have higher interest rates The team at Smallloans.com.au work hard to keep your small cash loan and payday loan interest rates as fair and competitive as possible. Small cash loans and payday loans like the ones we offer do have higher interest rates compared to other loan products...

Low doc or no doc loans
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Low doc or no doc loans

Finance explained: “Low doc” or “no doc” loans If you’re self-employed and looking for finance like a car loan, personal loan or mortgage, you’ve probably been close to tearing your hair out. People who are self-employed or small business owners find it quite difficult to apply and get approval for big loan products compared to...

Tools to help get your finances on track
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Tools to help get your finances on track

Tools to help get your finances on track – and they’re free The team at Smallloans.com.au want all our customers to be in the best financial health they can. If that’s one of your goals, It’s safe to say you’ll want to bookmark this blog post and refer back to it time and again. If...

checking credit history
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checking credit history

It’s always a good time to check your credit history If you’re considering applying for a quick cash loan, you may be wondering if your credit is good enough. If you’ve run into some financial trouble like lots of bills hitting you at once, an car accident that requires you to pay an excess or...

What is a recession?
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What is a recession?

Finance explained: what is a recession? Many of you may be following the news about the G20 in Brisbane. Some of the reports centred on Japan and its economy. Its bad news for people in Japan, as their economy is now in recession. The word “recession” has been on people’s minds since about 2007, when...

What is an overdraft?
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What is an overdraft?

Finance explained: What is an overdraft? Many of us have smartphones and use them to track our banking. The big four Australian banks all have apps for Apple and Android, and many of the smaller banks and credit unions are starting to offer them as well. Occasionally, you might get notifications about offers through your...

Retail interest free deals
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Retail interest free deals

Finance explained: Retail interest free deals The end of the year is fast approaching. We all know what that means – Christmas! We all love getting and buying presents, sometimes more for ourselves than anyone else. But the urge to splurge comes in many different forms. Retailers will try to entice people to buy big...

What is a debit card?
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What is a debit card?

Finance explained: what is a debit card? The amount of plastic cards in our wallets and purses seems to go up and up over the years. In the wake of new technology such as PayPass or PayWave, its easier than ever before to make purchases on credit. But with credit comes credit card interest rates...

Making and sticking to financial New Year’s resolutions
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Making and sticking to financial New Year’s resolutions

Making and sticking to financial New Year’s resolutions Happy New Year! We hope you had a rest over the Christmas/New Year break. One thing that probably didn’t was your wallet. Christmas time can really give your finances a hiding. Buying presents for your family and friends, all the extra food you might need, going on...

Term deposits vs. High-interest bank accounts
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Term deposits vs. High-interest bank accounts

Term deposits vs. High-interest bank accounts You may have noticed a lot of advertising, especially in the last few years, around high-interest bank accounts. These are bank accounts that reward people with a higher-than-average interest rate on their deposits if they meet certain conditions. In some circles, they’re becoming more sought-after than “traditional” higher-yield term...

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