A number of consumer advocacy groups have called upon the Federal Government to make good on its promise to crack down on ‘toxic’ payday lenders, with the industry often accused of charging exorbitant fees and interest rates.
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Peer-to-peer lender Harmoney has recently set up shop in Australia, with Brisbane the first lucky city to host the fast growing company.
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Citi Australia launched a new personal loan with a low rate of 11.99% today, helping Aussies fund their spending goals, big or small.
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Higher levels of consumer trust in the sharing economy, have coincided with a $600 million increase in size over the past six months, according to a newly released report.
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Australian credit applications have surged in the December quarter, with a particularly high increase in personal loan applications, according to new data from Veda.
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Peer to peer lender SocietyOne has finished a record-breaking year on a high thanks to massive investment and borrowing growth, with November registering $15.3 million worth of lending alone.
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The annual Mozo Experts Choice Awards winners were announced today, crowning Police Credit Union as Lender of the Year for consistent value across award categories.
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Each year consumer advocacy group CHOICE runs its Shonky Awards, highlighting the brands that are misleading customers through their advertising and products.
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Beyond Bank will be the latest shareholder of peer to peer lender SocietyOne from Friday, in a new partnership that includes the credit union topping up personal loan funding to $10 million.
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