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Credit (from Latin credit, "(he/she/it) believes") is the trust which allows one party to provide money or resources to another party wherein the second party does not reimburse the first party immediately (thereby generating a debt), but promises either to repay or return those resources (or other materials of equal value) at a later date. In other words, credit is a method of making reciprocity formal, legally enforceable, and extensible to a large group of unrelated people.
The resources provided may be financial (e.g. granting a loan), or they may consist of goods or services (e.g. consumer credit). Credit encompasses any form of deferred payment. Credit is extended by a creditor, also known as a lender, to a debtor, also known as a borrower.

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    NSW Dance academy non refund of credit on statement

    I have recently withdrawn my children from a dance academy in NSW who have a policy not to refund any credit that you have paid to your account if you close your account with them. I always paid ahead so that tuition was never in question, however, my child ended up deciding not to proceed with...
  2. ksivasub

    VIC In real estate, is it mandatory for a company or its trust account to have a credit license or an Australian Finance License?

    I know that a company has purchased a property in its business name using its trust account. This trust account is funded possibly by the investors of that company and by the public. In this case, should the business that bought the property and/or the trust accounts of that business have a...
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    QLD Credit Card Travel Insurance

    We are going to Tasmania for a driving holiday. Instead of getting travel insurance is it wise to rely solely on the complimentary insurance given by the credit card of the bank? I am wondering if someone has any experience in making claims for this type of insurance. Are they reliable and easy...
  4. X

    NSW Using credit card transaction to track down a shoplifter

    Hello. i was wondering, if someone shoplifts but legimately purchases an item in the same “transaction” with a credit/debit card, how does a store+police go about identifying the thief via the card transaction? Is it a relatively simple process? do banks typically help in these cases?
  5. ashwalk

    QLD Credit Corp Debt Recovery

    I am an Australian Expat living overseas since 2016, I believed that I had paid off all of my debt in Australia in 2017 including credit cards, and had stopped receiving any statements from the credit card company (I had been receiving regular monthly statements up until then). I have recently...
  6. T

    NSW Uninsured/unregistered vehicle. Credit card was debited but not processed?

    I was stopped by police (15 October 2021) and asked if I was aware that my rego had been cancelled. I asked how and why that might happen and was told I mustn't have payed it. I recalled clearly the relief when I had payed it on the 17 June 2021. That afternoon I took all receipts I could find...
  7. J

    NSW Low credit rating credit card

    Hi, I am in a bit a situation where I have a good job, no debt, no mortgage and very low outgoings and an 85% repayment rate according to Equifax. several years ago I did have a mortgage but that was paid out. For the past couple of years I have not had a bank account as everything was in my...
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    NSW Credit card addback on balance sheet

    Hi, My ex wife through her solicitor is claiming addback's of $60000+ for credit card payments made during the relationship dating back to 2017. We separated in Dec 2019. Both of us had a credit card each for same account and the payments were made from our joint account. Is this going to hold...
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    VIC Credit File

    I’ve been trying to repair my credit file and my credit file has addresses on it that I’ve never lived at ever in my life and I’ve asked them to remove this information but they won’t. plus other enquires on my credit file have been agreed to be removed but still remain on my file even with...
  10. T

    VIC Credit Score repair

    I’m wanting to repair my credit score about been in a financial abusive relationship for 15 years has made my credit score bad. I’m wanting to start my life over and buy a house for myself and my child. I don’t know how I can do this to repair my score to obtain a loan to finally have my life...