Do you know who you’re getting into bed with?
As new lenders pop up, seemingly overnight, Jacaranda Finance are going back to their roots. With the new financial year looming, Jacaranda Finance has been hard at work re-building its brand, even going as far as designing a brand new logo. By going back to the company’s original roots of stripped down family values, Jacaranda Finance is reminding loyal clients why they’re the lender for every Aussie. Founded in 2013 by Daniel Wessels, the company was lifted to new heights as Daniel brought on his father, younger brother and a close family friend. Since then, they have worked to provide tens of thousands of Australians with much-needed finance in […]
How consumers can help clean up the alternative lending market
An influx of alternative lenders and a seemingly unbreakable cycle of bad debt for borrowers have given the short-term loan sector a bad reputation. However, consumers have a role to play in helping clean up the industry. The first step – understanding how lenders should be acting. ASIC requires lenders to conduct ‘reasonable inquiries about a consumer’s financial situation.’ This means inquiries must be made about the consumer’s actual situation and, while alternative lenders are known to be more lenient when it comes to bad credit scores and being on Centrelink, they must still gather enough information about circumstances likely to affect a consumer’s ability to repay their loan. Daniel […]
