Corporate watchdog says lenders targeting people with small, high-interest loans, leading to ‘debt spirals’
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Corporate watchdog says lenders targeting people with small, high-interest loans, leading to ‘debt spirals’
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The Australian Senate has just passed legislation to tackle unaffordable and unfair lending. But Deborah Quill literally paid the price for an order that went wrong.
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Scott googled payday lender loans to help pay some of his bills. Within a few hours, he had $500 in his bank account.
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Charities are warning people not to use loan sharks this Christmas, amid fears they could also fall into serious debt.
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During the worst recession Australia has seen in almost 100 years, most would think financial counsellors would be bombarded with calls. But they'd be wrong.
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Privacy Commissioner finds company breached Credit Reporting Privacy Code.