The Banks Are Calling Me! Why?
An Answer To Your Question
COVID-19 National Debt deferrals are coming to an end, banks finance companies and various credit providers have returned to debt collection.
This DOES NOT apply to your debts managed by us.
Watch this video to learn more…
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Key points:
The federal government is looking to wind back safe lending laws, saying there are other adequate protections for consumers.
Reserve Bank Governor Philip Lowe this week said the central bank would be keeping an eye on lending practices by the banks.
But Katherine Temple from the Consumer Action Law Centre is part of a coalition of consumer groups that have written to financial regulators, including the Reserve Bank, detailing their strong opposition to the proposed law.

We stop creditors and debt collectors harassing you and start the process to wipe all credit card, finance or any other unsecured debt over $10,0000

Credit Provider Ignores Responsible Lending Laws
Banks and finance companies are ignoring responsible lending obligations and breach ACCC Debt Collection Guidelines calling consumer while the liability is being investigated.
A 91-year-old Aussie woman who is wheelchair bound, living with dementia and stuck in a $1.3 million debt trap for loan repayments she can’t afford, now faces losing her home

Key points:
The federal government is looking to wind back safe lending laws, saying there are other adequate protections for consumers.
Reserve Bank Governor Philip Lowe this week said the central bank would be keeping an eye on lending practices by the banks.
But Katherine Temple from the Consumer Action Law Centre is part of a coalition of consumer groups that have written to financial regulators, including the Reserve Bank, detailing their strong opposition to the proposed law.

Key points:
- The Australian Prudential Regulation Authority says repayment deferrals must end on March 31
- The National Debt Helpline said one person was told he had to pay $20,000 in arrears before regular payments could restart
- Financial counsellors are concerned the pressure from banks will send some people to payday lenders