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Why borrowers have to be careful with pay day loans

Why borrowers have to be careful with pay day loans Australians, specially those people who are social networking users, ought to be skeptical of payday loan providers lurking in electronic platforms, a new research stated. Payday loan providers on social media usually market convenient and"quick" money however these have dangers and effects, stated study writer Vivien Chen through the Monash Business School’s Department of company Law and Taxation. "Online advertising is blending the ‘sell’ with suggestions about good cost management, providing customers a message that is confusing that payday advances form section of good monetary administration," she stated. Chen stated…