An ASIC report has highlighted some behavior that is shark-like to your Australian payday financing sector, claims Jessica Ellerm.

We utilized to phone them ‘loan sharks’ however now they will have the more respected moniker of ‘payday lenders’. Nonetheless, a recently released ASIC report has highlighted some shark-like behavior going back towards the sector plus some seriously stressing trends growing within the ‘emergency’ loan behavior of everyday Australians.

Since 2008, how big the mortgage market is continuing to grow by over 125%, with $400 million in loans printed in the year to June 2014. Is this a barometer for a drop that is potentially worrying the nation’s quality lifestyle, and sometimes even an indicator associated with widening gap between your nation’s richest and poorest? Přečtěte si více o oFintech’s part within the worrying increase of payday lending …