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Maxed-out bank cards no barrier for guy thousands that are accessing payday advances, inquiry hears

Maxed-out bank cards no barrier for guy thousands that are accessing payday advances, inquiry hears

The inquiry, established in October year that is last happens to be told scores of payday lending horror stories, because of the Federal regulator’s distribution detailing that the training displays “a chance of debt spirals” in over fifty percent of their client files evaluated.

Brand brand New Southern Wales organization Financial Counselling Hunter Valley made a distribution which described several situation studies of men and women stung by payday lenders.