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NATSIWA and Marrahaw Law have put together a fact sheet on payday lending.

The key questions are:

  • If you are short on money to pay bills, are payday loans a good idea?
  • How much money can you borrow from payday lenders?
  • Are credit checks conducted?
  • What are the fees and interest rates
  • What are the potential risks with payday loans?
  • Are there alternative options to payday loans?
  • What to do if you are experiencing a debt problem? If you have any issues, you can contact:
    • National Debt Helpline – they are a not-for-profit service that offers a professional financial counsellor for free and independent advice. ph: 1800 007 007
    • Australian Financial Complaints Authority ph: 1800 931 678
    • ASIC Money Smart Guide website: