Let me make it clear about Payday Lenders

January 14, 2021

Let me make it clear about Payday Lenders

Monetary exclusion is a significant and growing issue in Australia and its particular effects can be devastating.

It’s estimated that 3 million Australians are seriously financially excluded, constituting 16.9% of all Australians. an believed further 7 million people are averagely economically excluded and are also maybe maybe maybe not qualified to receive main-stream bank credit.

Professor Ian Ramsay, Associate Professor Paul Ali and Ms Cosima McRae’s research centers on the predatory methods of fringe credit providers, whom market their pay day loan and customer rent services and products to susceptible low-income and economically excluded consumers. Read the rest of this entry »