Five years on: tougher banking after GFC

August 2012 marks 5 years since GFC began. RateCity study of how GFC impacted Australian banking. What Australians need to know about borrowing and saving!

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Can I get a $1,500 payday loan with bad credit?

Yes, it may be possible to get a $1,500 payday loan with bad credit. Some payday lenders give loans to people with bad credit histories if they believe the borrower has the capacity to repay the loan.

Under Australia’s responsible lending rules, lenders aren’t allowed to approve $1,500 payday loans if they don’t believe the borrower can make the repayments.