21 min
how to spot a payday loan (and why they're so dangerous) gen z money
-
- Investing
Payday lenders provide fast cash when you feel you have no other options. Often used for things like emergency expenses, medical costs, overdue bills. However, they are actually the scum of the earth. They have incredibly high fees, and are extremely immoral and predatory. On this episode, Azaria highlights the issue of payday lenders to Nath and explains:
👉🏻 how payday loans work
👉🏼 payday lenders you may have heard of
👉🏽 how they make money
👉 what the alternatives are if you need cash
👉🏿 who you can reach out to if you're struggling with debt
More info on payday loans:
https://moneysmart.gov.au/loans/payday-loans
National debt hotline:
https://ndh.org.au/
Mob Strong Debt Help
https://financialrights.org.au/mob-strong-debt-help/
Finding a financial counsellor
https://moneysmart.gov.au/managing-debt/financial-counselling
Centrelink advance payments
https://www.servicesaustralia.gov.au/advance-payment
No interest loans
https://moneysmart.gov.au/loans/no-interest-loans
Help for paying overdue bills or fines:
https://moneysmart.gov.au/managing-debt/problems-paying-your-bills-and-fines
Sample letters to use for financial hardship:
https://financialrights.org.au/sample-letters/
No interest loans:
https://goodshep.org.au/services/household-relief/
🛑Please read the disclaimer on our website or at the link below before listening to this episode.
Join our Facebook community! Got a question for us? Use #genzmoney.
Need a way to manage your cash? Check out Glen’s online course and get $20 off when you use the code “genz”.
Click here for podcast resources, links to our stuff, disclaimer & warnings about this episode + more.
We acknowledge the darkinjung people, Traditional Custodians of the land on which our studio sits, and pay respects to their Elders past and present. We extend that respect to Aboriginal and Torres Strait Islander peoples who may listen to our podcast.
Hosted on Acast. See acast.com/privacy for more information.
Payday lenders provide fast cash when you feel you have no other options. Often used for things like emergency expenses, medical costs, overdue bills. However, they are actually the scum of the earth. They have incredibly high fees, and are extremely immoral and predatory. On this episode, Azaria highlights the issue of payday lenders to Nath and explains:
👉🏻 how payday loans work
👉🏼 payday lenders you may have heard of
👉🏽 how they make money
👉 what the alternatives are if you need cash
👉🏿 who you can reach out to if you're struggling with debt
More info on payday loans:
https://moneysmart.gov.au/loans/payday-loans
National debt hotline:
https://ndh.org.au/
Mob Strong Debt Help
https://financialrights.org.au/mob-strong-debt-help/
Finding a financial counsellor
https://moneysmart.gov.au/managing-debt/financial-counselling
Centrelink advance payments
https://www.servicesaustralia.gov.au/advance-payment
No interest loans
https://moneysmart.gov.au/loans/no-interest-loans
Help for paying overdue bills or fines:
https://moneysmart.gov.au/managing-debt/problems-paying-your-bills-and-fines
Sample letters to use for financial hardship:
https://financialrights.org.au/sample-letters/
No interest loans:
https://goodshep.org.au/services/household-relief/
🛑Please read the disclaimer on our website or at the link below before listening to this episode.
Join our Facebook community! Got a question for us? Use #genzmoney.
Need a way to manage your cash? Check out Glen’s online course and get $20 off when you use the code “genz”.
Click here for podcast resources, links to our stuff, disclaimer & warnings about this episode + more.
We acknowledge the darkinjung people, Traditional Custodians of the land on which our studio sits, and pay respects to their Elders past and present. We extend that respect to Aboriginal and Torres Strait Islander peoples who may listen to our podcast.
Hosted on Acast. See acast.com/privacy for more information.
21 min