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Tags: personal loans
The number of Australians failing to keep up with their car loans will continue to rise, with those living in mining centres most likely to fall behind on their payments.
While new protection laws for short-term and small-amount loans (including payday loans) kicked in on March 1, 2013, Adam Mooney, the CEO of Good Shepherd Microfinance, says “unscrupulous finance providers” continually find ways to get around the legislation.