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Monetary exclusion is a significant and growing issue in Australia as well as its effects may be damaging

Monetary exclusion is a significant and growing issue in Australia as well as its effects may be damaging

It’s estimated that 3 million Australians are severely economically excluded, constituting 16.9% of all of the Australians. An approximated further 7 million people are averagely economically excluded consequently they are maybe maybe not qualified to receive conventional bank credit.

Professor Ian Ramsay, Associate Professor Paul Ali and Ms Cosima McRae’s research centers on the predatory methods of fringe credit providers, whom market their pay day loan and customer rent services and products to susceptible low-income and economically excluded consumers. Monetary exclusion is a significant and growing issue in Australia as well as its effects may be damaging weiterlesen