Debt News

Credit and Debt Resolutions for the New Year

Steve Rhode — Mon, 17 Dec 2007 06:58:24 -0500

Itâ€™s getting to be that time of year again. A time for joy, for sadness, for guilt, for pleasures and for bills.

The holiday season comes every year and yet people are annually surprised by holiday bills, and they will be again this year.

Westpac Guide to Responsible Lending Should Be Hailed - Almost

Steve Rhode — Wed, 19 Sep 2007 08:47:59 -0400

At Westpac, we are committed to responsible lending practice. We acknowledge our obligation to market our products responsibly and stay in touch with the expectations of customers and the community. Our Principles for Doing Business form the bedrock of our commitment to corporate responsibility and sustainable business practice. The following Principles provide additional details of our approach to responsible lending.

PRINCIPLE ONE
We seek to lend only what our customers can afford to repay: We are therefore committed to:

Australian Bank Sees Consumer Debt Trouble Coming

Steve Rhode — Wed, 19 Sep 2007 08:15:38 -0400

Westpac today announced a new financial assistance initiative aimed at assisting customers in danger of falling into financial difficulty as the centrepiece of its new Responsible Lending Principles.

The new Westpac Assist unit has been established to boost Westpac's ability to identify and assist those credit card customers who may be at risk of defaulting on their financial obligations to Westpac. The aim is to provide assistance to help them maintain control of their financial affairs.

The new Westpac Assist will: