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
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