RateCity Reserve Bank Rate Alert February 2013

RateCity Reserve Bank Rate Alert February 2013

More rate cuts on the cards this year: lenders have room to move out of cycle. Borrowers should demand a better deal – compare and save more! How much can you save from a rate cut.

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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.