Sometimes, people need quick cash to get them out of a tight spot, so they resort to payday lending. Quite often, this seemingly small payday loan, which they resorted to in desperation, can backfire.
Listen to our podcast below, Why A Payday Loan May Not Be A Good Idea, where Better Place Australia financial counsellor, Christine, unpacks what payday lending is and the traps to watch out for when thinking of getting fast cash to solve a money problem.
If you have a debt and can’t pay it, you can access a financial counsellor from Better Place Australia to go into mediation for you. This is a free service if you reside in one of the many funded areas in Melbourne and Geelong.
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