In July 2010, the Australian Federal Government’s National Consumer Credit Protection Act regulating the Australian consumer credit industry came into force.
One of the main effects was to introduce the concept of “Responsible Lending”.
This meant that credit providers have to:
• Ensure loans meet the needs of the customer
• Ensure the customer can repay the loan without financial hardship
• Provide clearer documentation to help customers understand the loan process
How did these regulations affect First Stop Money as a provider of online payday loans?
Quite simply, they didn’t!
We’ve always believed in responsible lending and have always taken steps to ensure our fast cash loans are affordable for you.
We’ve always requested bank statements to be able to confirm this and we’ll keep on doing so to make sure that you can use these cash advances as genuine “cash 2 go”! Borrow it, pay it back and be able to get on with your life, without it hanging over your head like a credit card.
Some of the additional documentation you may want to read is:
Our Credit Guide
To give you ultimate peace of mind, we also offer a No Worries Guarantee. If you change your mind within 24 hours, simply return the full amount you borrowed and no charges will apply. For full details, see our No Worries Guarantee
We’d also like to ask YOU to borrow responsibly! Borrow what you can afford and borrow what you need. If you know you’re going to have trouble repaying a loan, don’t put yourself under more stress.