Category Archives: Borrower

Australian Banks makes it easier for Ratesetter and SocietyOne

Australian Banks make it easier for Ratesetter and SocietyOne. One week ago saw the launch by Ratesetter of the first fully open to all P2P lender in Australia. Combined with their other high profile competitor SocietyOne, I saw this as the likely start of a change to the Australian consumer lending markets. Nevertheless, any changes we experience

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P2P for everyone – Ratesetter Australia opens its doors for business

A few days ago Ratesetter Australia https://www.ratesetter.com.au officially launched its new P2P Lending Business and opened its doors for business. They now become the first P2P lender licensed to offer P2P lending to all Australians. RateSetter Australia CEO, Daniel Foggo, said, “RateSetter is the first and only P2P lender operating in the Australian market licenced to offer all

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GetCreditScore

GetCreditScore.com.au is a website recently launched where Australians can check their credit score, absolutely free. GetCreditScore is an initiative developed by SocietyOne, Australia’s Peer-to-Peer lending platform. GetCreditScore.com.au uses VedaScore, the credit score developed by Australia’s local and leading credit bureau Veda. Knowing your credit score is an important step in helping you understand the information

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Credit Reporting – why is it that important?

In March of this year there were some changes made to the Privacy Act. Some of those changes were around Credit Reporting. Up until this time, in Australia we had a system that can be best described as retaining negative information about borrowers credit history. But what it never reflected was any positive information on

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What is P2P Lending?

P2P or Marketplace lending is a process where a highly efficient on-line technology platform allows lenders and borrowers to come together to do business. Borrowers, who normally may have gone to their bank manager for a loan, are choosing to source their funds via P2P lenders. The borrower can apply for a loan, whilst the

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