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Friday, June 24, 2011

Found on Facebook!

Here's a tip - if you're hiding from creditors, check your privacy settings on Facebook.

A couple here in Aus couldn't be found by the usual methods when they defaulted on a large loan so the lender found them and delivered the default notice to them via Facebook. The court found this fair enough as they were frequent FB users and it was fair to assume they would receive the notice this way.

Their privacy settings meant they could be identified by matching up their names and birthdates for starters.

Haven't we all been told not to disclose personal info to all often enough? Let alone when you're on the lam. Dumb and dumber.

Friday, June 17, 2011

How much is $11 billion really?

Quite a lot you might think. It's the amount Queensland will spend on health in 2011/12. It's the estimated cost of rebuilding Christchurch. The same amount will be paid to Telstra by the NBN for the existing copper telephone network.

It's also the amount that Australian banks charged in fees last year. It works out at $500 for every man, woman and child in Australia.

Yes, fees to consumers are down - by 16%. However, fees to business went up 21%.

This is the first year in 13 years that overall fee collection didn't rise. They didn't drop either. Give with one hand...........

Do you know how much you paid in bank fees last year? Including credit cards, ATM fees, account and loan fees? If you don't, you should work it out. If it's too high, give us a call.

Wednesday, June 15, 2011

We made the press!

From time to time, we are asked our opinion. It's nice to see it accurately quoted and actually used....Thanks Domain! http://theage.domain.com.au/home-buying-tips/the-loan-20110610-1fvv0.html