Payday loans skyrocket as households pushed into risky forms of credit

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As mainstream lenders pull back on new finance and tighten credit after the Hayne Royal Commission, households are being pushed into riskier forms of credit.

 

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. I've taught my kids a lot about loan sharks disguised as orange rabbits and superheros. BUT it is govt policy that permits it. It is govt policy that causes it. Don't blindly support globalism. Use your vote well...

Some very sad stories. Going to a pay day lender so you can eat is not Australian. Happy to support the work if good charities that help families in need. auspol

The government credit union for farmers low interest rates y not the rest of us?

Ping MicrofinanceGS CorinneProske petermc70 This is where we can make such a difference! goodmoney Speckle

WOW they sound like fun ... for the loan sharks !!

It is a massive problem. I am a part disability pensioner and i had to make sacrifices and learn to live within my means. It was difficult.

Thank goodness for the LNP with slow wage growth and lose of penalty rates and loading, oh what a feeling.

This is so wrong. There mustn’t be these loan sharks. There’s got to be a better way - quickly billshortenmp RevBillCrews

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