Cash Converters International
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Buy-now-pay-later borrowers rake in cash as families feel financial pinch
Families borrowing from “subprime lenders” are loading up on buy-now-pay-later products and credit card debt just to cover their essentials.
- Noel Towell
Latest
Cash Converters soars after Queensland class action settled for $42.5m
Shares in Cash Converters have surged after it settled a class action suit accusing it of effectively charging rates of over 175 per cent on short-term loans.
- Dominic Powell
Cash Converters hammered as it predicts swing into the red
After a $22.5 million profit last year, the pawnbroker and payday lender is expecting losses this financial year led by a hefty class action payout and bad debt write-offs.
- Michael Fowler
Twenty loans to one client in a year: Cash Converters hit with new claims
A Cash Converters customer obtained 20 small loans from the group over a year and at one point had eight loans on foot simultaneously.
- Sarah Danckert
Afterpay, payday lenders and 'debt vultures' to face Senate inquiry
Payday lenders and Afterpay will be the subject of a new Senate inquiry into parts of the finance sector that have escaped the Hayne royal commission.
- Clancy Yeates & Eryk Bagshaw
Original URL: https://www.brisbanetimes.com.au/topic/ccv-ci