High Court rules “asset” loan to borrower with no capacity to repay, unconscionable March 31, 2022 | 246 views Asset lending is done on the basis of the value of the assets securing the loan without regard to thRead Story
Judge attacks consumer body for delay in adjudicating financial services complaints March 27, 2022 | 169 views A Brisbane court has rebuked the Federal financial complaints body for prolonged delays in its adjudRead Story
High Court approves compound interest magic as financier collects 30 x debt after 20 yrs July 08, 2021 | 677 views Australia’s highest court – in confirming that the waiver of statutory consumer protections by conRead Story
Loan book buyer statute barred in $4 mil mortgage debt recovery May 07, 2019 | 579 views Borrowers under a private $320k loan have successfully defended their mortgagee’s $4 mil recoveryRead Story
Whitsunday developer’s $3 mil loan default compounds to $11 mil at judgment April 21, 2019 | 1417 views One would have thought that all the stories of GFC related property calamities in Queensland had beeRead Story
Court orders halt to recovery action on “predatory” loans to desperate business April 23, 2017 | 1028 views Private loans with “stratospheric” interest rates exploited the financial desperation of a novicRead Story
Businesses drop $850k on incorrectly signed credit applications February 18, 2017 | 548 views An earthmoving equipment company has suffered defeat over a $500k personal guarantee debt due to sloRead Story
Solicitor sued on borrower mis-identification July 21, 2016 | 1031 views A mortgage manager who negotiated a loan at the request of a broker has sued the solicitor entrustedRead Story
Borrower defeats NAB on home loan default, gambling wife a defence September 30, 2015 | 634 views A $400k NAB loan taken out in February 2004 was restructured in 2008 into a redraw facility on stricRead Story