Social Issues

Lived experience: escaping a seven-year payday loan cycle

Posted on: Tue 28 Mar 2017

A group of consumer advocates are calling on the Federal Government to introduce legislation that would protect people against quick and easily accessible payday loans.

Hugh has first-hand experience of accessing cash loans – he’s living on a low-income and recently escaped a seven-year cycle of paying back a loan provider.

He joined Small Change’s Lisa Burns for a chat about why he first sought a payday loan, the challenges of breaking a cycle and how he managed to escape.

Produced by Lisa Burns

 

Small Change

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