Category Archives: payday loans number

Fintech’s part within the worrying rise of payday lending

We utilized to phone them ‘loan sharks’ nevertheless now they usually have the more moniker that is respected of lenders’. Nevertheless a recently released ASIC report has highlighted some ‘shark’ like behaviour going back to the sector plus some really worrying trends growing within the ’emergency’ loan behaviour of everyday Australians. Since 2008, the dimensions of the mortgage market is continuing to grow by over 125%, with $400 million in loans written in the one year to June this past year. Is this a barometer for a potentially worrying fall in the nation’s quality lifestyle, and on occasion even an indication associated with the widening gap amongst the countries richest and poorest? Continue reading