RateCity puts financial institutions to the test. Overall: still too hard for consumers to switch banks! Home loans and transaction accounts scored the worst and credit cards the easiest.
RateCity scorecard, how easy is it to switch banks?
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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.