how to spot a payday loan (and why they're so dangerous)

Payday lenders provide fast cash when you feel you have no other options. Often used for things like emergency expenses, medical costs, overdue bills. However, they are actually the scum of the earth. They have incredibly high fees, and are extremely immoral and predatory. On this episode, Azaria highlights the issue of payday lenders to Nath and explains:

👉🏻 how payday loans work

👉🏼 payday lenders you may have heard of

👉🏽 how they make money

👉 what the alternatives are if you need cash

👉🏿 who you can reach out to if you're struggling with debt

More info on payday loans:

https://moneysmart.gov.au/loans/payday-loans

National debt hotline:

https://ndh.org.au/

Mob Strong Debt Help

https://financialrights.org.au/mob-strong-debt-help/

Finding a financial counsellor

https://moneysmart.gov.au/managing-debt/financial-counselling

Centrelink advance payments

https://www.servicesaustralia.gov.au/advance-payment

No interest loans

https://moneysmart.gov.au/loans/no-interest-loans

Help for paying overdue bills or fines:

https://moneysmart.gov.au/managing-debt/problems-paying-your-bills-and-fines

Sample letters to use for financial hardship:

https://financialrights.org.au/sample-letters/

No interest loans:

https://goodshep.org.au/services/household-relief/

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