Episode 41

full
Published on:

5th Apr 2022

The debt trap

In a tight spot and need money fast? Why not get a payday loan?

This week on the Friends with Money podcast, Money's Julia Newbould, is joined by financial coach Karen Eley and mortgage broker Marissa Schulze, to discuss why accessing these simple and highly accessible lenders can lead to more debt than you can handle.

We discuss:

  • What are payday loans?
  • Why are Aussies resorting to these types of loans?
  • Can payday loans impact your credit score?
  • What are the alternatives?

#friendswithmoney #julianewbould #paydayloans

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Website: https://moneymag.com.au 

Email: podcast@moneymag.com.au 

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About the Podcast

Friends With Money
Earn. Save. Invest.
We all have questions about money; how to earn it, how to spend it, and the best ways to invest so we can watch it grow.

The Friends With Money podcast, created by Money Magazine (Australia’s longest-running and most-read personal finance magazine), shares its extensive network of finance experts, in-depth knowledge of markets and timely advice to help you understand the world of money.

Hosted by senior writer, Tom Watson, and editor-in-chief, Michelle Baltazar, Friends With Money is a weekly chat with a variety of credentialed guests that you won’t want to miss. Listening and learning will help you on the path to financial freedom.