Articles on consumer credit

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There will always be lenders happy to fund customers at high interest rates. But alternatives are needed for the financially excluded. Image sourced from Shutterstock.com

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.
Bills, bills, bills. bills and stethoscope via vichie81/Shutterstock

Why medical debt – and bankruptcy – are growing problems

Burdensomely high medical costs are often blamed for pushing many Americans into bankruptcy. According to the Consumer Financial Protection Bureau some 43 million Americans have unpaid medical debt on…

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