In Australia, ASIC and the ABC are on the hunt for unscrupulous Pay Day lenders. Pay Day lending is the provision of small, short terms loans to people that require financial cover to pay day. Annual Percentage Rates (APR) can exceed 1000% as advertised by www.payday.uk “£230 borrowed for 28 days. Annual interest rate of 292.2% (fixed). Total amou...
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