Payday loans are typically small, short-term loans (usually two weeks, or until payday) provided by cash advance stores, with one-time fees attached — generally $15 to $25 per $100 borrowed. Nearly unknown 15 years ago, payday loan stores now in some place outnumber fast food franchises. A borrower...

More Australians prefer to use their own money, such as a debit scheme card or Eftpos, rather than borrowing on credit / File AUSTRALIANS’ love affair with credit cards is waning as people switch to using cash and debit cards. Reserve Bank of Australia statistics show credit card use has dropped...

Payday loans are popular for a number of reasons. To those who are in the position of needing one, the advantages outweigh the disadvantages. And there are disadvantages, but we’ll look at those later. First, put yourself in the shoes of the person who needs some quick cash. Perhaps you’ve just been...