RBA rate pause, are households getting complacent?

RateCity-28/02/2011- 1 min read

Reserve Bank keeps the official cash rate on hold at 4.75%. RateCity concerned households getting complacent with rate pause. Households paying over $4,000 more in interest than in 2009

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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.