No-interest loan choice helps stop susceptible individuals dropping victim to ‘dangerous’ payday loan providers

No-interest loan choice helps stop susceptible individuals dropping victim to ‘dangerous’ payday loan providers

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Solitary mom Tina Edwards ended up being eager for that loan to simply help pay money for surgery on her son that is three-year-old but choices for getting approved quickly had been restricted.

Tips:

  • Pay day loans are high-cost, short-term loans all the way to $2,000
  • Due to the high repayments and loan that is short many individuals fall under a financial obligation spiral
  • But low or no interest loans (NILS) can be found at 60 locations across Queensland

The 44-year-old dance instructor utilized to operate her very own studio it is currently unemployed as well as on Centrelink’s sole moms and dad re re payment within the Logan area, south of Brisbane. (more…)

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