Consumer lending (834 items)

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SMEs and SMSFs stranded by NAB

National Australia Bank is preparing to rein in its exposure to SMSF borrowers next month after alerting mortgage brokers to an aggressive tightening of eligibility criteria for loans to self-managed super clients.In a notification sent to brokers this week, the bank has advised it will no longer accept loan applications from SMSF clients with net superannuation assets of less than $5 million. read more

Collection House looks to NZ

Collection House outlaid $36.6 million on debt ledger acquisitions during the December half, compared with $35.9 million in the previous corresponding period.The face value of its purchased debt ledgers rose from $1.7 billion to $2.1 billion year-on-year, the best division in a fringe finance business finding it hard to make a dollar from collections – in an economy where delinquencies are rising.?Set to explode. read more

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