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Payday loans: Why you should never borrow money this way
3. Beware of leaseback arrangements
In 2013, then-Finance Minister Bill Shorten originally proposed 10 per cent plus 2 per cent, but this was watered down. Mr Brody says the current cap is still too generous to the lenders.
"The lenders fought it and their position won out," he said. "[Since the reforms] those bigger lenders such as Cash Converters or Money3 have expanded, in some cases taking...
Related topics : lenders payday loan / payday loan same day / cash payday loan / loan no payday / cash loan short term
NAB raises fixed home loan rates - news.com.au
NAB said it will lift its two-, three- and four-year fixed rates for both owner-occupier and investor home loans from Monday by as much as 0.80 per cent.
"There are a range of factors that influence the funding that NAB - and all Australian banks - source, so we can provide home loans to our customers," said NAB chief...
Related topics : mortgage rate home loan / rates home loan / home loan fixed / bank loan rate / home owner loan
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