Pay day loans and ‘rent to’ that are own review

Pay day loans and ‘rent to’ that are own review

Good Shepherd Microfinance, Australia’s biggest microfinance organization, has welcomed the Australian Government’s review into high expense payday advances and consumer leases, better referred to as ‘goods rental’ or ‘rent to own’.

Through its system of 1,500 microfinance employees in 670 areas across Australia, Good Shepherd Microfinance and its own community partners hear firsthand the effects among these cost that is high.

Ceo, Adam Mooney, said “the big most of individuals on low incomes just can’t manage to be spending such reasonably limited for credit or perhaps a lease”. Read more…