> ## Content Index > Fetch the complete content index at: https://www.carexplore.com.au/llms.txt > Use this file to discover other available public pages before exploring further. # How Aussies Can Claim Up to $144K - URL: https://www.carexplore.com.au/how-aussies-can-claim-up-to-144k/ - Published: 2025-04-20T13:03:45.000Z - Updated: 2025-04-20T13:03:45.000Z - Description: Aussies urged to act before June 30 to claim refunds from junk insurance, with payouts up to $144,000 still available. - Author: Dylan Anderson - Tags: News Millions of Australians could be entitled to refunds of up to $144,000 through junk insurance compensation schemes, but the clock is ticking. The Australian Financial Complaints Authority (AFCA) has extended the deadline to lodge a complaint about junk insurance to **30 June 2025**, giving thousands more Australians the chance to claim what they're owed. [How a QLD Man Lost His License InstantlyQueensland police suspended a Tesla driver’s licence on the spot after he was caught speeding at 92km/h in a 40km/h school zone, calling it “inexcusable.”![](https://www.carexplore.com.au/content/images/icon/CarExplore-Favicon-1960.ico)CarExploreDylan Anderson![](https://www.carexplore.com.au/content/images/thumbnail/Tesla-QLD-Man-Loses-license-66.webp)](https://www.carexplore.com.au/how-a-qld-man-lost-his-license-instantly/) ### What is Junk Insurance? Junk insurance refers to add-on policies like consumer credit insurance, mortgage protection insurance, or loan protection, often sold alongside credit cards, loans, and mortgages. These policies were frequently presented as mandatory, when in fact they were optional and often provided little or no value to the consumer. In many cases, the cost of the insurance was rolled into the loan, significantly increasing interest and the total amount to be repaid. ### Who's Eligible? If you took out a credit card or loan **before July 2019**, there's a chance you were unknowingly sold junk insurance. Eligible Australians may have been charged for policies with little value or coverage they didn’t need or understand. You may see it on statements as: - Consumer Credit Insurance (CCI) - Credit Card Insurance - Mortgage Protection Insurance - Loan Protection Victims of junk insurance can claim refunds through their financial institution or via companies like Claimo, which assist in processing claims (note: they typically charge a 30% fee on any refund). [How Buying a Car in NSW Got CheaperGlobal tariffs could impact car prices in NSW, with experts suggesting buyers might benefit from shifts in US trade policy.![](https://www.carexplore.com.au/content/images/icon/CarExplore-Favicon-1961.ico)CarExploreDylan Anderson![](https://www.carexplore.com.au/content/images/thumbnail/Trump-Tariffs-Australia.webp)](https://www.carexplore.com.au/how-buying-a-car-in-nsw-got-cheaper/) ### Life-Changing Refunds Australians across the country have already seen significant payouts: - **Donna**, a pensioner, received **$11,000**, describing the money as life-changing. - **Karen** from Victoria got **$15,000** after discovering junk insurance attached to three personal loans. - **Teena and Troy** from NSW received a massive **$111,159**, which they’ll use to pay off their home. - **Tracey**, a mother of two, was refunded **$90,000** after discovering insurance she was convinced she needed when opening a credit card. The highest recorded payout to date stands at **$144,000**. ### How to Check and Claim 1. Review old **loan documents** and **bank statements**. 2. Look for any premiums or line items labelled as: - Credit Card Insurance - Consumer Credit Insurance (CCI) - Loan or Mortgage Protection 3. Contact your financial institution or lender directly. 4. Alternatively, use services like Claimo to investigate and lodge a claim on your behalf. ### Why the Deadline Matters AFCA has been managing the refund process, working with banks and insurers who were ordered to set aside **$10 billion** after the 2019 Banking Royal Commission. The **June 30, 2025** deadline is final, and AFCA warns consumers not to delay. > "It’s important that consumers know this deadline is fast approaching," AFCA’s Lead Ombudsman Emma Curtis said. "Now is the time to act." [Shocking Road Rage Attack on Uber Driver in SydneyShocking road rage attack on an Uber driver in Sydney’s Barangaroo caught on camera. See the wild incident and Reddit’s reactions.![](https://www.carexplore.com.au/content/images/icon/CarExplore-Favicon-1962.ico)CarExploreDylan Anderson![](https://www.carexplore.com.au/content/images/thumbnail/Screenshot-2025-02-20-at-10.12.29-am-29.png)](https://www.carexplore.com.au/shocking-road-rage-attack-on-uber-driver-in-sydney/) ### Still Billions Unclaimed Despite the enormous payouts already made, experts believe **billions of dollars** remain unclaimed. A survey of over 4,400 Australians revealed that **60% weren't sure** if they had ever been sold junk insurance. Whether you took out a car loan, personal loan, mortgage, or credit card in the past two decades, it’s worth checking your eligibility. Visit the [ASIC website](https://asic.gov.au/?ref=carexplore.com.au) or [AFCA](https://afca.org.au/?ref=carexplore.com.au) for more information. --- [Easter Sting: Over 12,000 NSW & QLD Drivers Set to Be FinedThis Easter, over 12,000 NSW and Queensland drivers are expected to be fined as new AI cameras and double demerits supercharge police crackdowns. Authorities warn of record enforcement targeting speeding, phone use, and seatbelt offences during the busy holiday travel period.![](https://www.carexplore.com.au/content/images/icon/CarExplore-Favicon-1963.ico)CarExploreDylan Gow![](https://www.carexplore.com.au/content/images/thumbnail/ai2.jpg)](https://www.carexplore.com.au/easter-sting-over-12-000-nsw-qld-drivers-set-to-be-fined/) [Tesla Vandal Caught on Camera at QLD Shopping CentreTesla’s Sentry Mode captures deliberate vandalism at QLD shopping centre, raising concerns about vehicle security in public spaces.![](https://www.carexplore.com.au/content/images/icon/CarExplore-Favicon-1964.ico)CarExploreDylan Anderson![](https://www.carexplore.com.au/content/images/thumbnail/Tesla-Keyed-QLD-Springfield--2-55.png)](https://www.carexplore.com.au/tesla-vandal-caught-on-camera-at-qld-shopping-centre/)