‘Once they max out,they come to us’:Pawnbrokers buoyed by cost of living

‘Once they max out,they come to us’:Pawnbrokers buoyed by cost of living

The industry says it’s providing a line of credit to people with nowhere else to go amid financial pressures,but advocates say it’s a legislative blind spot.

  • byPenry Buckley

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A $180m deal was meant to rebuild Simon’s fortunes. Six months on,he struggled to scrape together $1m

A $180m deal was meant to rebuild Simon’s fortunes. Six months on,he struggled to scrape together $1m

Wilkie Creek coal mine was meant to revive the fortunes of Simon Raftery’s private credit firm. Instead,he lost colleagues,his house and became entangled in multiple court battles.

  • byAnne Hyland
Simon handled millions for some of Australia’s richest. Then things started to go wrong

Simon handled millions for some of Australia’s richest. Then things started to go wrong

After a meteoric rise,Simon Raftery had a Sydney waterfront home worth millions and an impressive list of clients around the world. Then some of his big plays started to come undone,exposing the opaque but booming world of private credit.

  • byAnne Hyland
Buy now,pay later companies urged to do more for vulnerable customers

Buy now,pay later companies urged to do more for vulnerable customers

Buy now,pay later (BNPL) companies say they will consider improving access to hardship support schemes and be clearer about how they can assist vulnerable consumers.

  • byClancy Yeates
The question you shouldn’t have to answer on a credit card application

The question you shouldn’t have to answer on a credit card application

At least one financial institution asks a question that is irrelevant and inappropriate. In fact,it’s downright invasive.

  • byNicole Pedersen-McKinnon
Beware unregulated ‘quick fix’ pay advances

Beware unregulated ‘quick fix’ pay advances

Australians have been warned about using increasingly popular “pay advance” services over concerns they may be exposing themselves to excessive debt and unregulated products.

  • byDominic Powell
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Beforepay shares sink 44 per cent on debut

Beforepay shares sink 44 per cent on debut

The pay-on-demand fintech company is the ASX’s latest newcomer - but did not receive a warm welcome.

  • byJessica Yun
‘Up there with pay day loans’:Calls for crackdown on wage advance apps

‘Up there with pay day loans’:Calls for crackdown on wage advance apps

“Nobody likes waiting” is the slogan salary based buy now,pay later startup MyPayNow broadcast across prime time television as a sponsor of top rating show Married At First Sight.

  • byCara Waters