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Peddler Newbie

Joined: 03 Jul 2008 Posts: 1 Career Advice: +0/-0

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Mozish Newbie

Joined: 04 Jul 2008 Posts: 2 Career Advice: +0/-0

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Pauloz Expert

Joined: 02 Oct 2007 Posts: 287 Career Advice: +0/-0 Location: Sydney

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Posted: Fri Jul 04, 2008 8:58 am Post subject: |
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peddler
Yep, the credit industry is alive and well and living in Australia. This is a basic site.
http://www.creditrepairaustralia.com/
You can see the basics. Australia has a massive personal credit industry, so big that private debt is now near historically high levels.
Credit ratings are a major deal in a mortgage prone country, as you could imagine. It's possible to affect your credit rating if rejected for an overdraft, for example.
Credit repair, debt consolidation, debt agreements, there's also a respectable sized industry gluing the pieces together. Bankruptcies have been going up in the recession backwash, and the whole messy process even has a Federal government agency called Insolvency Trustee Services Australia http://www.itsa.gov.au/ tidying up the wreckage. There's a pro forma process for insolvency, etc, all available on the legislation links. |
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