With the proliferation of on line lenders springing up across the web offering an array of instant cash products it appears that fast money is easily accessible and cheap, but is it?
For many Australians the words instant cash loan or payday loan centre immediately conjure images of seedy back yard pawnbrokers operating out of shops with barred windows in the less desirable areas of town, charging ridiculously high interest rates and standing over you for payments. While in the past this may have been true, today's instant loan marketplace is much more dynamic, offering customers a wide range of instant cash and payday loan alternatives. While loan sharks still ply their trade on the naïve and desperate, there are a number of professional, well packaged, user friendly, online loan centres now operating in Australia. Or are there? Our findings suggest it is still very much a case of buyer bewares.
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