How the internet is transforming the payday loans space

Australia has some of the most rigorous laws and regulations in place governing the availability of short term, fee only cash loans known as payday loans. Payday loans operate outside of the mainstream banking system and provide quick and ready to access to relatively small amounts of credit to those who either don’t have the time to wait for a mainstream loan approval or don’t have the credit rating required. By international standards, Australia’s payday lending sector leads the world with respect to protections for consumers.

According to Elizabeth Barry of finder.com.au, access to consumer credit is considered an important measure of fairness and one of three key measures of financial inclusion – the other two being basic banking products and insurance coverage.

Since Australia’s first payday lender opened shop in 1998, the industry has evolved considerably. In particular, the role of the internet has seen the sector provide increasing choice and opportunity for consumers using payday lending services.

Ease of comparison

One of the most important roles the internet has played is in providing ease of comparison so that consumers can identify the product and the provider which is most likely to satisfy their specific circumstances. While access to credit is an important consideration in Australia, so is access to choice and information with which inform consumer decision making.

More than just trawling through the online providers, product comparison sites provide an easy way for consumers to gain access to third party assessment of the benefits of different payday lending products and often allow for users to enter the details about their situation which can help them refine the list of suitable choices.

Working out the cost

The internet also provides readily accessible ways to calculate the true cost of loans – the proliferation of online calculators and assessment tools is an important way that consumers can better inform their decisions.

Quick applications and credit provision

The advancement of technology now makes the process of applying for payday credit quick and effective. Once they have chosen the most appropriate product, borrowers can readily apply online and have access to funds on the same day, with a product suited to their particular circumstances and without having to go to the inconvenience of physically attending a loan office – assuming they meet the qualification requirements.

The internet has undoubtedly transformed the payday loans space and will continue to drive its evolution. Nevertheless, it is important that borrowers determine for themselves whether or not a payday loan is suited to them and whether they can afford the repayments, in the same way they would approach any other form of credit.

222 thoughts on “How the internet is transforming the payday loans space”

  1. Avatar

    Hello! I could have sworn I’ve been to this blog before but after browsing through some of the post I realized it’s new to me. Anyways, I’m definitely happy I found it and I’ll be book-marking and checking back frequently!

  2. Avatar

    Pretty section of content. I just stumbled upon your web site and in accession capital to assert that I acquire in fact enjoyed account your blog posts. Anyway I will be subscribing to your feeds and even I achievement you access consistently fast.

  3. Avatar

    Nice post. I was checking continuously this blog and I’m impressed! Very useful information particularly the last part 🙂 I care for such information a lot. I was seeking this particular information for a very long time. Thank you and best of luck.

  4. Avatar

    I am no longer sure where you are getting your information, however good topic. I needs to spend a while finding out much more or understanding more. Thank you for excellent info I was looking for this info for my mission.

  5. Avatar

    Hi there! I’m at work browsing your blog from my new apple iphone! Just wanted to say I love reading through your blog and look forward to all your posts! Carry on the fantastic work!

  6. Avatar

    Thanks for every other informative website. The place else may just I am getting that kind of info written in such an ideal way? I’ve a undertaking that I’m simply now running on, and I have been at the look out for such info.

  7. Avatar

    This web site is really a walk-through for all of the info you wanted about this and didn’t know who to ask. Glimpse here, and you’ll definitely discover it.

  8. Avatar

    I discovered your blog site on google and check a few of your early posts. Continue to keep up the very good operate. I just additional up your RSS feed to my MSN News Reader. Seeking forward to reading more from you later on!…

  9. Avatar

    I like what you guys are up also. Such smart work and reporting! Keep up the excellent works guys I have incorporated you guys to my blogroll. I think it’ll improve the value of my site :).

  10. Avatar

    An interesting discussion is worth comment. I think that you should write more on this topic, it might not be a taboo subject but generally people are not enough to speak on such topics. To the next. Cheers

  11. Avatar

    Great – I should definitely pronounce, impressed with your site. I had no trouble navigating through all the tabs as well as related info ended up being truly simple to do to access. I recently found what I hoped for before you know it in the least. Reasonably unusual. Is likely to appreciate it for those who add forums or something, website theme . a tones way for your client to communicate. Nice task..

  12. Avatar

    Simply wish to say your article is as surprising. The clearness on your post is just excellent and i could suppose you’re knowledgeable in this subject. Well along with your permission allow me to snatch your RSS feed to keep updated with forthcoming post. Thank you a million and please keep up the enjoyable work.

  13. Avatar

    obviously like your web site however you need to check the spelling on several of your posts. Many of them are rife with spelling issues and I in finding it very troublesome to inform the reality nevertheless I will definitely come again again.

  14. Avatar

    I?¦ve been exploring for a little for any high-quality articles or blog posts on this kind of space . Exploring in Yahoo I eventually stumbled upon this website. Studying this info So i?¦m happy to convey that I’ve a very just right uncanny feeling I discovered just what I needed. I most surely will make sure to don?¦t disregard this web site and provides it a glance regularly.

  15. Avatar

    Today, I went to the beach front with my children. I found a sea shell and gave it to my 4 year old daughter and said “You can hear the ocean if you put this to your ear.” She put the shell to her ear and screamed. There was a hermit crab inside and it pinched her ear. She never wants to go back! LoL I know this is entirely off topic but I had to tell someone!

  16. Avatar

    Hey There. I discovered your weblog the use of msn. This is an extremely neatly written article. I will make sure to bookmark it and come back to read extra of your useful information. Thanks for the post. I will certainly return.

  17. Avatar

    Hey very cool website!! Man .. Excellent .. Amazing .. I will bookmark your web site and take the feeds also…I’m happy to find a lot of useful information here in the post, we need develop more strategies in this regard, thanks for sharing. . . . . .

  18. Avatar

    Please let me know if you’re looking for a author for your blog. You have some really good posts and I think I would be a good asset. If you ever want to take some of the load off, I’d absolutely love to write some material for your blog in exchange for a link back to mine. Please send me an email if interested. Many thanks!

  19. Avatar

    Howdy very nice site!! Guy .. Beautiful .. Superb .. I will bookmark your site and take the feeds also…I’m satisfied to find so many helpful information right here in the publish, we want work out more strategies in this regard, thank you for sharing.

  20. Avatar

    You could certainly see your expertise in the work you write. The world hopes for more passionate writers like you who aren’t afraid to say how they believe. At all times go after your heart.

  21. Avatar

    Hmm it seems like your website ate my first comment (it was super long) so I guess I’ll just sum it up what I wrote and say, I’m thoroughly enjoying your blog. I too am an aspiring blog blogger but I’m still new to the whole thing. Do you have any suggestions for novice blog writers? I’d certainly appreciate it.

  22. Avatar

    hello!,I like your writing very much! share we communicate more about your post on AOL? I require a specialist on this area to solve my problem. May be that’s you! Looking forward to see you.

  23. Avatar

    Someone necessarily assist to make seriously posts I’d state. This is the very first time I frequented your website page and to this point? I surprised with the research you made to create this particular submit amazing. Magnificent job!

  24. Avatar

    Hello there, just became aware of your weblog thru Google, and found that it is really informative. I’m gonna be careful for brussels. I’ll be grateful in case you proceed this in future. Numerous folks shall be benefited out of your writing. Cheers!

  25. Avatar

    You could definitely see your expertise in the work you write. The sector hopes for even more passionate writers like you who are not afraid to mention how they believe. At all times follow your heart. “In America, through pressure of conformity, there is freedom of choice, but nothing to choose from.” by Peter Ustinov.

  26. Avatar

    I’m really enjoying the design and layout of your site. It’s a very easy on the eyes which makes it much more enjoyable for me to come here and visit more often. Did you hire out a designer to create your theme? Superb work!

  27. Avatar

    Can I just say what a reduction to search out someone who actually knows what theyre talking about on the internet. You positively know the way to deliver a problem to mild and make it important. More folks must learn this and understand this facet of the story. I cant believe youre no more common since you undoubtedly have the gift.

  28. Avatar

    My spouse and i ended up being now fortunate when Emmanuel managed to do his basic research because of the ideas he came across out of the web page. It is now and again perplexing to simply possibly be giving out solutions which other folks may have been trying to sell. And we all fully grasp we now have you to appreciate for this. All of the illustrations you made, the straightforward blog menu, the relationships you will help to promote – it’s got most extraordinary, and it’s facilitating our son in addition to our family understand that matter is brilliant, which is extremely indispensable. Thanks for the whole thing!

  29. Avatar

    Taxi moto line
    128 Rue la Boétie
    75008 Paris
    +33 6 51 612 712  

    Taxi moto paris

    I relish, result in I discovered just what I used to be taking a look
    for. You’ve ended my four day long hunt! God Bless you man. Have a
    nice day. Bye

  30. Avatar

    Somebody essentially help to make seriously posts I would state. This is the first time I frequented your web page and thus far? I surprised with the research you made to make this particular publish extraordinary. Magnificent job!

  31. Avatar

    I would like to thank you for the efforts you have put in writing this website. I’m hoping the same high-grade website post from you in the upcoming as well. Actually your creative writing abilities has encouraged me to get my own web site now. Actually the blogging is spreading its wings fast. Your write up is a great example of it.

  32. Avatar

    What i don’t realize is actually how you are not really much more well-liked than you may be right now. You are so intelligent. You realize thus considerably relating to this subject, made me personally consider it from a lot of varied angles. Its like women and men aren’t fascinated unless it’s one thing to accomplish with Lady gaga! Your own stuffs excellent. Always maintain it up!

  33. Avatar

    I have read some just right stuff here. Definitely price bookmarking for revisiting. I wonder how so much attempt you place to make this sort of great informative website.

  34. Avatar

    Nice weblog right here! Also your website lots up fast! What web host are you the usage of? Can I am getting your affiliate hyperlink for your host? I want my web site loaded up as quickly as yours lol

  35. Avatar

    I have been browsing on-line more than three hours today, yet I by no means found any attention-grabbing article like yours. It¦s lovely worth sufficient for me. In my opinion, if all website owners and bloggers made excellent content material as you did, the net shall be a lot more helpful than ever before.

  36. Avatar

    There are some interesting points in time on this article however I don’t know if I see all of them middle to heart. There’s some validity but I’ll take hold opinion till I look into it further. Good article , thanks and we wish extra! Added to FeedBurner as well

  37. Avatar

    I think other site proprietors should take this website as an model, very clean and wonderful user genial style and design, let alone the content. You’re an expert in this topic!

  38. Avatar

    excellent points altogether, you simply gained a brand new reader. What would you recommend in regards to your post that you made a few days ago? Any positive?

  39. Avatar

    Attractive section of content. I just stumbled upon your website and in accession capital to assert that I get in fact enjoyed account your blog posts. Anyway I’ll be subscribing to your augment and even I achievement you access consistently rapidly.

  40. Avatar

    Nice post. I was checking continuously this blog and I’m impressed! Very helpful information specifically the last part 🙂 I care for such info a lot. I was seeking this certain info for a long time. Thank you and good luck.

  41. Avatar

    Have you ever thought about writing an ebook or guest authoring on other sites? I have a blog centered on the same information you discuss and would love to have you share some stories/information. I know my viewers would appreciate your work. If you are even remotely interested, feel free to send me an e-mail.

  42. Avatar

    Great blog you have here but I was curious about if you knew of any forums that cover the same topics talked about here? I’d really love to be a part of community where I can get feedback from other knowledgeable people that share the same interest. If you have any suggestions, please let me know. Appreciate it!

  43. Avatar

    I’ve recently started a website, the info you provide on this web site has helped me tremendously. Thank you for all of your time & work. “Marriage love, honor, and negotiate.” by Joe Moore.

  44. Avatar

    Good write-up, I am regular visitor of one’s site, maintain up the nice operate, and It’s going to be a regular visitor for a lengthy time.

  45. Avatar

    I have been exploring for a little for any high quality articles or blog posts on this kind of area . Exploring in Yahoo I at last stumbled upon this website. Reading this information So i’m happy to convey that I’ve a very good uncanny feeling I discovered just what I needed. I most certainly will make sure to don’t forget this site and give it a look on a constant basis.

  46. Avatar

    Hi there this is kinda of off topic but I was wondering if blogs use WYSIWYG editors or if you have to manually code with HTML. I’m starting a blog soon but have no coding knowledge so I wanted to get advice from someone with experience. Any help would be enormously appreciated!

Leave a Reply