Payday loan providers nevertheless cashing in with sky-high costs

Will be the government’s new cash advance restrictions sufficient to keep short-term borrowers away from trouble?

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Short-term loan industry is growing

Final updated: 01 2014 july

Pay day loans have actually made monetary matters more serious for a lot of individuals – but which has hadn’t stopped lenders from interested in brand brand brand new borrowers.

Among the payday loan businesses that are biggest in Australia, UK-based Cash Converters, is certainly going gangbusters, showing an income increase of 38% for the 3rd quarter