" On-screen text then switched from "All loans are subject to credit and affordability checks so not all customers may be eligible for a £1000 limit.
Maximum £500 for new online customers. Customers must be 18. TCs apply" to "2961. 4 APR (variable) representative" and the voice-over continued, "Loans up to £1,000 available online or from your local store, and applying for one is a walk in the park.
So if you're experiencing one of life's little ups and downs, apply online through [website address].
Payday lender Cash Converters will refund consumers millions of dollars and pay an infringement notice after an investigation by the Australian Securities and Investments Commission (ASIC). Key Points.
Refunds on 118,000 small credit contracts Cash Converters to refund 10. 8 million in fees ASIC says Cash Converters violated responsible lending obligations. The refunds relate to 118,000 small amount credit contracts, or loans.
ASIC had raised concerns that the company had failed to make reasonable inquiries into consumers' income and expenses and the loans they issued were "unsuitable". Cash Converters has paid a total of 1. 35 million for 30 infringement notices from Difference cash advance and balance transfer. It has also agreed to refund eligible consumers 10.
8 million in fees through a remediation program overseen by an independent expert who will report to ASIC.
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