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.
Related Resources
Factsheet: I can’t pay my rent. What can I do?
Brad came to our service because he was in rental arrears and his real estate was taking him to Tenancy Tribal for rental arrears of $1300 and $62 for water arrears. Does this sound like you?
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Factsheet: I can’t cover my Afterpay installments. What can I do?
Julia came to our service as she was struggling pay her Afterpay installments. Julia had used Afterpay to buy Christmas presents for her family and, even though at some stores she only spent a small amount, the total added up to $1952. Does this sound like you?
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Factsheet: My family keeps asking me for money
Terry works in a supermarket and does not earn a lot of money. He is able to pay his bills, his rent and is paying off a car. His sister has two children and lives with her partner. Terry helped them out with a loan and money for food after the partner lost his job. Does this sound like you?
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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.