Articles on Payday lending

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Access to small loans is getting easier, but not everyone is resilient enough to manage their finances. Image sourced from

Four reasons payday lending will still flourish despite Nimble’s $1.5m penalty

The payday lending sector is under scrutiny again after the Australian Securities and Investment Commission’s investigation into Nimble. After failing to meet responsible lending obligations, Nimble must…
Easing your path to lending. Thomas Hawk

How to bump up your credit score

One day, your Facebook posts and Tweets might convince lenders to drop you some cash. Until then, here are five simple ways to help open up the bank vaults.
How much do alternative financial services aimed at people on low incomes contribute to their indebtedness? Image sourced from

Payday lending vacuum makes regulation difficult

Despite an emerging market in alternative financial services for people on low incomes, little is really known how these Australians manage their money.
There will always be lenders happy to fund customers at high interest rates. But alternatives are needed for the financially excluded. Image sourced from

Payday lending trap requires a credit supply rethink

The number of Australians getting caught in a repetitive cycle of payday loans is growing, but in many cases they have little choice.
Confused? Kemal Taner via Shutterstock

Financial literacy is shockingly low and the academy must do more

The latest survey on the basic understanding of financial terms like “loan”, “interest rate” and “budget” makes for shocking reading. The Money Advice Service surveyed 3,000 adults and found that 32% did…
They’re tempting and easy but payday loans are certainly not cheap. Scurzuzu

Payday lenders are out of time in their fight against credit cap

Pressure is mounting on high cost credit companies to face tighter controls when they hand out short-term loans. Debt advice agencies, consumer organisations, anti-poverty campaigners and a cross-party…
Goodbye Wonga, hello credit co-ops? Catholic Church (England and Wales)

Welby’s Wonga wobble as he takes on the financial sector

The Archbishop of Canterbury, Justin Welby, has become increasingly involved in debates about the UK financial sector. The embarrassing revelations that the Church has invested indirectly in payday lender…

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