Reserve Bank should drop official cash rate but lenders unlikely to pass on full rate cut. ANZ customers will have to wait some days for a rate decision. Advice to borrowers: focus on the rate, not the size of rate cut!
RateCity's Reserve Bank Rate Alert, May 1, 2012
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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.