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Latest news: Credit and Debt

'Perfect storm': insolvency surge threatens businesses

'Perfect storm': insolvency surge threatens businesses

The Australian Taxation Office and other creditors pose the biggest threat to cash-strapped businesses facing an insolvency "surge", an organisation says.

Debt 'solvers' accused of leaving clients' bills unpaid

Debt 'solvers' accused of leaving clients' bills unpaid

Debt 'solvers' accused of leaving clients' bills unpaid

Debt 'solvers' accused of leaving clients' bills unpaid

Debt management company Solve My Debt Now has been accused of being little more than a name, allegedly making many people's financial hardship worse.

Credit Corp says Aust late debt supply 'constrained'

Credit Corp says Aust late debt supply 'constrained'

Credit Corp says Aust late debt supply 'constrained'

Credit Corp says Aust late debt supply 'constrained'

Australia's biggest debt buyer and collection agency says there hasn't been much in the way of delinquent debts available for purchase domestically.

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Students dive into pockets to beat HECS interest rise

Students dive into pockets to beat HECS interest rise

As uni students rushed to pay back more on their HECS to beat a rise in interest, the government has agreed it's time to consider how repayments are calculated.

Biden, McCarthy reach tentative US debt ceiling deal

Biden, McCarthy reach tentative US debt ceiling deal

US Democratic President Joe Biden and Republican House Speaker Kevin McCarthy have reached a tentative deal to raise America's debt ceiling.

Clampdown on buy now, pay later following abuse claims

Clampdown on buy now, pay later following abuse claims

The federal government will regulate buy now, pay later services in a bid to protect Australians against financial abuse and hardship.

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