Categories
Economy Recession

Payday Lending Desperation

#PayDayLoans #Finances #HeiseSays People are complaining about payday lending and accusing them of predatory behaviour. Do we need government intervention or better financial education? References Millions of Australians falling victim to ‘predatory’ payday lenders, report shows https://www.abc.net.au/news/2019-11-12/payday-loans-increasing-single-mums-growing-borrowing-sector/11694908?fbclid=IwAR3kwZ9iW4nxXQfXKGN-zI7uu4QC74TFFykWXtzQLHc5VTOydZyu787-PIM

Categories
Economy Recession Retail

Retail Levels Crash

#Retail #Recession #HeiseSays Retail levels have crashed to levels not seen since the 1990’s recession. References Retail slumps to ‘weakest’ level since 1990s recession as tax cuts fail to stimulate consumer spending https://www.theage.com.au/politics/federal/worrying-sign-retail-slumps-to-worst-performance-since-last-recession-as-jobs-weaken-20191104-p5378r.html?fbclid=IwAR3h2VWqEkoJQJPDUX36h12CN9x7UMbpKce448y28rwZjEpYBcymiA8l87M

Categories
Economy

Secret Eftpos fees

#Eftpos #Australia #HeiseSays Eftpos transaction fees are being passed onto consumers with greater frequency. Luck we still have cash….oh. References

Categories
Political Commentary

Afterpay Australia’s Greatest Export

#Afterpay #ConsumerCredit #HeiseSays Afterpay is one of Australia’s recent international business successes but is hipster “lay-buy” really that innovative. References https://www.news.com.au/finance/business/retail/afterpay-backlash-intensifies-as-us-expert-slams-aussie-startup/news-story/cfe2939007c269c12bb2704e9d11d726

Categories
Finance

The Interest-Free Fee Risk

#InterestFree #Debt #Retail People are being caught out with fees and transaction charges on Interest-Free retail purchases. https://youtu.be/aYI2aEJu9nw References Sydney man slugged with huge hidden fees in ‘buy now, pay later’ offer https://www.news.com.au/finance/money/costs/sydney-man-slugged-with-huge-hidden-fees-in-buy-now-pay-later-offer/news-story/2471cf40421b59ce0ae6bd793c4037c7

Categories
Economy

Credit Card Debt is Bankrupting Australians

#CreditCards #Bankruptcy #Australia Australians are being bankrupted because of credit card debt. Another sign of difficult times and terrible financial education? References Debt collectors are bankrupting Australians over small credit card debts https://www.abc.net.au/news/2019-08-13/debt-collectors-suing-for-bankruptcy-over-small-credit-card-debt/11335000?section=business