Making hay from payday advances

Making hay from payday advances

The “payday” loans industry has shifted through the fringe of consumer finance in Australia towards the main-stream despite present regulatory setbacks and an image that is challenged.

The country’s short-term financing marketplace is considered to be well worth around $800 million per year. But developments offshore mean there could be more motion within the sector ahead. “One especially interesting development because the legislative modification happens to be the emergence of a twin market.”

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