Debttrap.org.au
- Title
- End the Payday Debt Trap | How payday loans exploit vulnerable consumers and what can be done about them
- Meta Description
- High-cost short term loans cause poverty. Many low income earners take out payday loans at rates of 400% and more to pay basic living costs but then find they can't afford essentials like food and rent. So they take another payday loan which sends them into a spiral of debt. This site provides advice for consumers considering payday loans, sets out the facts about the hardship caused by high cost loans and invites consumers organisations and individuals to act to end the exploitation of consumers.
- Meta Keywords
- debt, debt trap, spiral of debt, payday, payday loans, consumer advice, financial counselling, consumer organisations, welfare organisations