Short-term loans
A $180m deal was meant to rebuild Simon’s fortunes. Six months on, he struggled to scrape together $1m
Wilkie Creek coal mine was meant to revive the fortunes of Simon Raftery’s private credit firm. Instead, he lost colleagues, his house and became entangled in multiple court battles.
- by Anne Hyland
Latest
Simon handled millions for some of Australia’s richest. Then things started to go wrong
After a meteoric rise, Simon Raftery had a Sydney waterfront home worth millions and an impressive list of clients around the world. Then some of his big plays started to come undone, exposing the opaque but booming world of private credit.
- by Anne Hyland
Buy now, pay later companies urged to do more for vulnerable customers
Buy now, pay later (BNPL) companies say they will consider improving access to hardship support schemes and be clearer about how they can assist vulnerable consumers.
- by Clancy Yeates
Opinion
Credit cards
The question you shouldn’t have to answer on a credit card application
At least one financial institution asks a question that is irrelevant and inappropriate. In fact, it’s downright invasive.
- by Nicole Pedersen-McKinnon
Beware unregulated ‘quick fix’ pay advances
Australians have been warned about using increasingly popular “pay advance” services over concerns they may be exposing themselves to excessive debt and unregulated products.
- by Dominic Powell
Beforepay shares sink 44 per cent on debut
The pay-on-demand fintech company is the ASX’s latest newcomer - but did not receive a warm welcome.
- by Jessica Yun
‘Up there with pay day loans’: Calls for crackdown on wage advance apps
“Nobody likes waiting” is the slogan salary based buy now, pay later startup MyPayNow broadcast across prime time television as a sponsor of top rating show Married At First Sight.
- by Cara Waters