
Factsheet: Payday Loans
Jerry organised payday loans before his actual pay day as he was struggling to make it from pay to pay. Jerry was approved for 2 loans. Each loan was for $2000. He was also charged a $400 each time for an establishment fee and an $80 per month account servicing fee.
Does this sound like you?
Kempsey Neighbourhood Centre provides financial counselling and financial capability support as well as No Interest Loans. We wanted to put together some informati?on that might be useful to this community so we went to the experts – people in this community – and have put together what we learnt and the issues that people worry about.
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Kempsey Neighbourhood Centre is a non-profit organisation dedicated to strengthening our local communities by promoting the principles of social justice and empowering people to enhance their quality of life.