7 News
·general
·1 hour ago
Millions still unaware they’re owed junk‑insurance refunds as complaints surge
Millions of Australians are unaware they are owed refunds for junk insurance linked to loans and credit cards, prompting a surge in complaints. The Australian Financial Complaints Authority reported a 1,400 percent increase in complaints since 2021, with about 4.7 million potentially affected. Financial advocates stress the importance of reviewing past contracts to uncover unclaimed funds.
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