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Loan Type – SACC vs MACC

SACC vs MACC

There are many different types of consumer loans such are secured, unsecured, lines of credit, home loans, etc. However, the majority of consumers opt for one of two options; known as short-term or personal loans. These are SACC’s (Small Amount Credit Contract) and MACC’s (Medium Amount Credit Contract). What is a SACC loan? A SACC

A guide to conquering overwhelming debt

Loans for home improvements

With any issue we face in life, debt is one that can spiral out of control very quickly unless dealt with head-on. When in debt, people tend to feel isolated and some of us struggle to come up with a solution, or where to turn for advice. Even when you feel like you’re suffocating from what

The differences between hard and soft inquiries

Hard inquiry on credit report

When a prospective lender makes a credit inquiry to a credit bureau, there are two different options of data available for them to pull on your credit report: soft inquiries and hard inquiries. The main three bureaus in Australia being; Veda, Dunn & Bradstreet and Experian. Whilst both types of credit inquiries require a third

Credit accounts – how many should you have?

Credit Card Debt Consolidation

It’s often a question that comes up, and not many of us know the answer to. Credit accounts build the framework for any credit score. With little or no credit activity, you will struggle to obtain a credit score depending on the scoring model. Whether you have one account or ten, you may have wondered

Advice on how to build a credit profile

Building a credit profile

You may have been told from a young age by an older family member that borrowing money means you’ll get into debt and owe a bank interest, which is something to be very wary of. In this day of age, having a credit history is really quite essential. Should you wish to buy a property

Be smart with your credit card whilst travelling

Credit Card and Travelling

A long holiday abroad is always an exciting prospect and can keep us going through the long working weeks. Planning a trip in advance is a great way to reduce costs and enjoy the holiday even more once you’re there. A key part of your planning will be deciding how to pay for the trip

How to stay healthy on a budget

Staying healthy on a budget

According to the Parliamentary Budget Office, the number of students being issued loans to put themselves through university has grown by 11.2% annually over the past five years. Looking back since 2010, the numbers have grown from 308,000 to 522,000 in 2015. That’s a growth rate of 59%, which means that many millennials will be

Credit Card Debt Consolidation

Credit Card Debt Consolidation

The total amount of debt on credit cards in Australia has risen to north of 40 billion. This works out to be roughly $4,300 per cardholder and, at a 15-20% interest rate, means the average card user is paying around $700 in interest per year. People with a high amount of credit card debt often

How to finance home improvements

Financing Home Improvements

Home improvement projects can be very exciting. From improving the garden to redoing the kitchen, they present the opportunity to reinvent your living space by putting a personal touch on your home. Funding such a project is less exciting, however. Renovation can be expensive, and many projects do not get off the ground due to

Factors that may affect your credit rating

Checking credit score on phone

A credit score becomes a very important factor when seeking credit. Although Australians are becoming more aware of their credit profile, a credit rating or credit scale is still not common knowledge throughout the majority of the country. Banks use a credit bureau such as Veda to assess whether you are viable for a particular line of

Legal information

Marketplace Finance Pty Ltd with ACN 608 607 227 and ACL 487316 is trading as Friendly Finance. Friendly Finance does not make finance or credit decisions and is not a provider. Friendly Finance helps customers find financial partners that meet their requirements.Financial partners may wish to obtain credit reports as part of the decision process. The line of credit available will vary depending on the financial provider. In order to help the government fight identity theft, the funding of terrorism and money laundering activities, providers may verify and record customer information. This website does not directly endorse a particular product and service.Any information on this website should be taken as opinion only.

Address: 903 level 9, 50 clarence st, sydney, nsw, 2000. Email: info@friendlyfinance.com.au

Disclaimer: Cash Loans Paid In 60 Minutes*
* As advertised - FriendlyFinance.com.au is not a lender or broker and does not advise or recommend any lender. We simply provide options based on the information you provide.
Once you are approved by an actual lender, your loan may be transferred straight into your bank account within 60 minutes of signing the contract during standard banking hours.
The same transfer times could apply on second and subsequent approved loans.
For loan amounts over $3,000 it usualy takes longer than 60 minutes

WARNING: Do you really need a loan today?*

It can be expensive to borrow small amounts of money and borrowing may not solve your money problems.


Check your options before you borrow:

The Australian Government's MoneySmart website shows you how small amount loans work and suggests other options that may help you.*This statement is an Australian Government requirement under the National Consumer Credit Protection Act 2009.