ASIC's new measurement to fight credit card debt
Image for representation only Source: Pixabay
Australia’s biggest credit card issuers agreed to offer the ability to request a credit limit reduction or card cancellation online and stop providing unsolicited credit limit increase offers, as a new measurement to target credit debt issue for our nation. How is it work? Could these new changes really help to reduce Australian credit debt level? Ivan has asked Kam Yuen from CoWealth Partner to tell us more.
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