RateCity's Reserve Bank Rate Alert, August 2012

RateCity's Reserve Bank Rate Alert - August 2012

No cash rate move expected from the Reserve Bank on Tuesday: lenders likely to push harder to attract customers. Most lenders dropped their variable home loan rates following last rate reduction but kept some of the 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.