The Credit Ombudsman Service Limited (COSL) is the external dispute resolution scheme for the non-bank credit industry, approved by the Australian Securities and Investments Commission (ASIC). The Credit Ombudsman Service is a free and independent external dispute resolution scheme. It provides consumers with an alternative to legal proceedings for resolving disputes with COSL members operating in the credit marketplace.
The Mortgage and Finance Association of Australia (MFAA) was established in 1980. It is a leading provider of service and advocacy for mortgage brokers, finance brokers, mortgage managers, lenders (bank and non-bank), and originators to assist them develop, foster and promote the mortgage and finance industry.
Deposit Power provides a substitute for a cash deposit when buying residential property. The Deposit Power guarantee is useful in situations where a purchaser is looking to secure a home or investment property, but the purchaser’s cash for a deposit is tied up.
Australian Life Insurance is a specialist risk insurance business committed to providing people with access to quality insurance products in the most convenient way possible. One such product designed specifically for the needs of people taking on a mortgage is Loan Protection Plan, which provides a lump sum of money in the event of a policy holder being diagnosed with any one of eleven serious medical conditions, terminal illness or death. The lump sum can be used to clear or reduce your mortgage or for any other purpose.
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