Some silver lining in rate wars: savers getting better deal than borrowers

Some silver lining in rate wars: savers getting better deal than borrowers

Major banks more generous to savers than mortgage borrowers. At-call savings accounts expected to fall in line with RBA rate cuts. Term deposits remain competitive.

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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.