McKinnon Financial Services

Finance

Changes to excessive surcharges on credit & debit cards - what it means to businesses & consumers

Ever booked a holiday, hotel room, concert tickets? No doubt if you paid by a credit card you may have been slugged with a fee or surcharge above the normal costs incurred by the business in providing the service. As of 1st September, 2016 a new law has been introduced prohibiting large businesses to charge excessive fees on purchas...

How 3.90% Finance Cost $2,622.12 More Than 8.10%

There is a lot of marketing by car manufacturers and motor dealers at present about their 'special low' Interest Rates. Unfortunately, as with most things that sound too good to be true, it usually is. One of my clients recently purchased a vehicle from a car manufacturer and was told their own Finance Company could arrange Financ...

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