The debt trap
Apr 05, 2022•19 min•Season 2Ep. 41
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Episode description
In a tight spot and need money fast? Why not get a payday loan?
This week on the Friends with Money podcast, Money's Julia Newbould, is joined by financial coach Karen Eley and mortgage broker Marissa Schulze, to discuss why accessing these simple and highly accessible lenders can lead to more debt than you can handle.
We discuss:
- What are payday loans?
- Why are Aussies resorting to these types of loans?
- Can payday loans impact your credit score?
- What are the alternatives?
#friendswithmoney #julianewbould #paydayloans
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Website: https://moneymag.com.au
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