The latest news from the Consumer Action Law Centre.
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Another article regarding the bottom-feeding grubs at Cigno.
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An article regarding pesrons urged to seek help from financial counsellors instead of becoming victims of the grubby payday lenders.
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Beforepay, whose terms and conditions still refer to its old business name Cheq, charges users a flat 5%. While this is significantly less than lenders like the odious Cash Converters (which charges a 20% establishment fee and 4% fees on small personal loans), it isn’t cheap given the short time frame for repayment.
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@SueW, you need to be mindful that links to articles can be behind paywalls. Crikey is a subscription site.
Thats why i quoted some of the article. I’m sure I am not allowed to post it in its entirety. And I’m aware of the paywall. I paid, 12 weeks for $12 was worth it. I wont be continuing on… Its good but not $55/m good.
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Thanks for posting a link to this article: I’m glad someone is writing about the gross injustice.
Why are all the political parties asleep at the wheel?
Surely it’s a simple matter to extend usury laws to amounts under $3000?
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The December 2020 newsletter from the Consumer Action Law Centre.
https://mailchi.mp/consumeraction/consumer-action-news-september-9473400?e=86eb265901
And the latest news on their home page.
Now an even more riskier money option.
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