Two-Thirds of Payday Loan Applicants Have Bad Credit, Industry Data Reveals
According to recent industry data, payday loans bad credit and financial fragility are increasingly linked throughout Australia. The results raise challenges with pricing, accessibility, and the possibility that expensive credit products would exacerbate pre-existing debt problems. More than two-thirds of payday loan applicants, over 67% have bad credit histories, according to recent research, indicating a…
