Our many frequently expected pay day loan questions – answered

Our many frequently expected pay day loan questions – answered

Financial hardship

If you are experiencing hardship that is financial want to talk with some body at no cost monetary counselling, you can easily phone the Financial Counsellors hotline on 1800 007 007. It really is open from 9:30am to 4pm, Monday to Friday. When you compare short term installment loans, be certain to take into account any charges, fees and prices maybe you are charged. It is important to think about all of your options before using for almost any type of credit.

Warning about Borrowing

You don’t desire a loan today?*

It could be high priced to borrow smaller amounts of cash and borrowing may well not re re solve your cash dilemmas.

always check your options before you borrow:

  • For information regarding additional options for handling bills and debts, ring 1800 007 007 from any place in Australia to communicate with a free and separate counsellor that is financial
  • Confer with your electricity, gas, phone or water provider to see if you’re able to work a payment plan out
  • In the event that you can receive an advance from Centrelink: Phone: 13 17 94 if you are on government benefits, ask

The federal government’s MoneySmart site helps guide you bit loans work and indicates additional options that will help you.

* This declaration can be A australian federal government requirement underneath the nationwide credit rating Protection Act 2009.

What’s a quick payday loan?

A quick payday loan is a tiny, temporary loan. Year the loan amount is usually between $100 and $2,000 and the loan terms are usually between 16 days and one.

Exactly why is a payday was called by it loan?

It’s called a quick payday loan since the loan amount was created to be reimbursed once the debtor next gets paid. […]