Traditionally Australians have relied on their bank or credit union to obtain a personal loan, however now credit card financing is becoming very common (particularly at Christmas time consumer are now financing their spending habits through the use of plastic). As Australians have embraced debt now to finance their way of life (we generated $80 [...]

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Whether you are a small-scale business entrepreneur or if a housewife who needs funds for a home improvement project, you can start to take advantage from something that is getting all the hype in the Internet today. It is called social lending, where the concept is similar to borrowing money from friends or family. If [...]

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As Lending Hub is preparing to launch soon (you can take a peek at lendinghub.com.au) , my first postwill be about the social lending phenomenon and whether it is likely to take off in Australia. The big four banks (CBA, NAB, Westpac and ANZ) hold large market shares in the prime borrower market and are [...]

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