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Sep 28, 2017 - 34 minute read

บริษัท quick cash loan service จํา กัด

Payday lender Cash Converters will refund consumers millions of dollars and pay an infringement notice after an investigation by the Australian Securities and Investments Commission (ASIC). Key Points. Refunds on 118,000 small credit contracts Cash Converters to refund 10.

8 million in fees ASIC says Cash Converters violated responsible lending obligations. The refunds relate to 118,000 small amount credit contracts, or loans. ASIC had raised concerns that the company had failed to make reasonable inquiries into consumers' income and expenses and the loans they issued were "unsuitable". Cash Converters has paid a total of 1. 35 million for 30 infringement notices from ASIC.

It has also agreed to refund eligible consumers 10. 8 million in fees through a remediation program overseen by an independent expert who will report to ASIC.

บริษัท quick cash loan service จํา กัด

REPRESENTATIVE EXAMPLE. If you borrowed 2,000 over a 12 month period and the loan had a 3 arrangement fee (60), your monthly repayments would be 189. 12, with a total payback amount of 2,269. 44 which including the 3 fee paid from the loan amount, would have a total cost of 329.

Representative 29. 82 APR. If you borrowed 5,000 over a 48 month period and the loan had an 8 arrangement fee (400), your monthly repayments would be 131. 67, with a total payback amount of 6,320.

บริษัท quick cash loan service จํา กัด

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บริษัท quick cash loan service จํา กัด
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