A fresh style of credit is saddling America’s middle income with $50 billion with debt

A fresh style of credit is saddling America’s middle income with $50 billion with debt Struggling to pay for bills, middle-class Americans are getting exploited with a kind that is new of called the internet installment loan. The “red-hot industry” has spawned about $50 billion with debt in a practice that handcuffs borrowers with regards…

Inaction on pay day loans ‘allowing lenders to exploit susceptible’

Inaction on pay day loans ‘allowing lenders to exploit susceptible’ Consumer advocates urge government to fulfil promise to strengthen protections for consumers searching for payday loans Kelly O’Dwyer said legislation will be introduced this season to bolster defenses for customers whom sign up for payday advances. Photograph: Mick Tsikas/AAP Kelly O’Dwyer stated legislation could be…