Mortgage stress describes a situation where a significant proportion of a household’s income is spent on mortgage repayments, causing financial difficulties and strain. While there’s no universal definition, mortgage stress typically occurs when a household spends 30% or more of… Continue Reading →
There’s no accounting for mortgage figures by the banks… Try asking for audited accounts to prove the amount they’re demanding is correct. You’ll be lucky if they answer. You may be suffering mortgage stress for no reason. The bank may… Continue Reading →
Banks don’t talk? The bank staff don’t answer letters? Their advertised material states that if there’s a discrepancy on the bank statement, to contact them… But they don’t reply… Certainly not what you expect from a bank. Dealing with them,… Continue Reading →
Burden of proof is taking over three years! Not 90 days… yet the bank remains silent. They engage lawyers, send threatening letters demanding monies and foreclosure. And still fail to provide any verification supporting claims of an “outstanding loan account… Continue Reading →
Banks & Post Office, and Your Empowerment: The UK Post Office scandal has exposed how large institutions, whether government-backed or private, exploit vulnerable individuals. The story, while tragic, reveals how people can reclaim their power and fight back against systemic… Continue Reading →
ANZ Bank Queensland Customer Exposes Threat to Consumer Rights – Press Release: (Queensland, Australia 5th November 2024) In a battle for financial transparency, a Queensland customer is challenging “Australia And New Zealand Banking Group” (ANZ). The bank is refusing to… Continue Reading →
ANZ Bank $25m fine by Federal Court of Australia “ANZ Bank made 155,868 false or misleading representations to customers regarding the systems and processes in place to administer the Breakfree Benefits and Offset Benefits. Over this period, a total of… Continue Reading →
Disclosure duties of banks raise some questions from a customer viewpoint. While many of Australia’s “laws” seem to show favour to the corporation, rather than “the little guy”. So what are the disclosure duties of major banks and financial institutions… Continue Reading →
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