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Latest news: Credit and Debt

Popular buy now, pay later company sees bad debts rise

Popular buy now, pay later company sees bad debts rise

Shares in buy now, pay later group Zip have soared after the company posted record quarterly earnings and lifted earnings guidance for the full year.

Reality bites as Gen X defers cost of living

Reality bites as Gen X defers cost of living

Reality bites as Gen X defers cost of living

Reality bites as Gen X defers cost of living

As fuel costs soar, more consumers are choosing to buy now and pay later - and the biggest spenders may come as a surprise.

Credit card points schemes in firing line after tweaks

Credit card points schemes in firing line after tweaks

Credit card points schemes in firing line after tweaks

Credit card points schemes in firing line after tweaks

Savvy punters who have been cashing in on credit card rewards schemes might have to find a new life hack after the central bank changed the payments game.

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Aussies tapping more credit as arrears value swells

Aussies tapping more credit as arrears value swells

Mortgage and credit card applications are surging and so are their associated debts, which could be bad news for borrowers as the RBA eyes further rate rises.

Zip shares zapped on earnings miss, rising bad debts

Zip shares zapped on earnings miss, rising bad debts

Consumers are increasingly tapping alternative credit, but a major provider has been punished on the stock market for not living up to growth expectations.

Big businesses getting bigger amid two-speed recovery

Big businesses getting bigger amid two-speed recovery

Business credit growth implies Australia's economy is resilient, but insolvency numbers continue to remain high, and in some sectors are growing.

Debt group sees upside in higher credit card balances

Debt group sees upside in higher credit card balances

Debt collection business Credit Corp, which also owns lender Wallet Wizard, expects its profit to grow by up to 17 per cent as cost-of-living pressures bite.

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'Struggling in silence': Aussies' shame driving up debt

'Struggling in silence': Aussies' shame driving up debt

'Struggling in silence': Aussies' shame driving up debt

'Struggling in silence': Aussies' shame driving up debt

Nearly half the nation started the new year in debt, but research shows countless Australians are unwilling to discuss their finances, even with loved ones.

Loan defaults bad for business as NAB profit takes hit

Loan defaults bad for business as NAB profit takes hit

Loan defaults bad for business as NAB profit takes hit

Loan defaults bad for business as NAB profit takes hit

Business lending is growing for NAB but so is the level of bad debt from that customer segment, pumping the brakes on profits at the big four bank.

Timeline set for easing of student debt burden

Timeline set for easing of student debt burden

Timeline set for easing of student debt burden

Timeline set for easing of student debt burden

Some three millions Australians carrying a student debt will enjoy a 20 per cent reduction in what they owe before Christmas.

US to support Argentina with $20b rescue plan: Bessent

US to support Argentina with $20b rescue plan: Bessent

US to support Argentina with $20b rescue plan: Bessent

US to support Argentina with $20b rescue plan: Bessent

The US plans to extend a $US20 billion swap line to Argentina and is ready to buy the country's foreign bonds.

Crunch time for Star despite narrowing full-year loss

Crunch time for Star despite narrowing full-year loss

Crunch time for Star despite narrowing full-year loss

Crunch time for Star despite narrowing full-year loss

Uncertainty continues to swirl around Star Entertainment Group's future after the struggling casino operator posted another significant full-year loss.

Postie banks on stolen cards for $1.4 million delivery

Postie banks on stolen cards for $1.4 million delivery

Postie banks on stolen cards for $1.4 million delivery

Postie banks on stolen cards for $1.4 million delivery

Bank customers in well-to-do suburbs have been swindled after a postal worker allegedly earmarked envelopes with credit cards and handed them to associates.

HECS debt relief nears as Labor eyes further uni reform

HECS debt relief nears as Labor eyes further uni reform

HECS debt relief nears as Labor eyes further uni reform

HECS debt relief nears as Labor eyes further uni reform

University students and graduates will soon save up to $1300 a year as the government's HECS relief bill reached an important milestone.

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Australia's frustration with motor insurance grows

Australia's financial product watchdog continues to grapple with a mountain of complaints, with car insurance the leading cause of consumer consternation.

Cafes, small businesses fear brunt of surcharge cut

The dreaded $6 line for a coffee could soon become reality for cafe owners after a proposal to scrap card surcharges could force fees to pass on to customers.

Consumer win in card surcharge cut as business bristles

Scrapping surcharges could save Australians about $1.2 billion, but small businesses think they will have to foot the bill.

Big bite on spending swallows up hospitality businesses

A record-high 9.4 per cent of food service and hospitality businesses shut their doors in the year to March as cost pressures weighed heavily on households.

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Credit rating outlook downgrade rests in state's hands

A state government can fix a credit rating outlook downgrade in its first budget after an international agency identified "significant fiscal deterioration".

Steelworks forced into administration to 'save' future

South Australia has ended months of uncertainty over a critical steelworks by placing the plant into administration.

'No-brainer' home ownership boost for HECS debt Aussies

Australians saddled with student debt who want to enter the housing market will be given a helping hand, under changes to lending requirements.

Surge in number of Australians seeking debt help

Australians are struggling with the mounting cost of living, with the National Debt Helpline fielding a significant increase in calls.

Slow economic growth set to continue into 2025

While there may be a slow uptick in economic growth in the near future, it will remain subdued into the 2025, a survey has predicted.

LNP drum up support after dancing around costings

The Queensland opposition has drummed up interest for its youth crime prevention measures after being accused of dancing around costings ahead of the election.

Chips are down as Star posts huge loss, cashes in jobs

Star Entertainment has written down the value of its three casinos by $1.4 billion as its new CEO plots a path to turn around the fortunes of the company.

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