We have a debt crisis in this country. The annual turnover of the payday loans industry in Australia is just over $1 billion and it's ready to explode.
![]() | Effie Zahos is editor-at-large at Canstar and a financial commentator. She is the author of A Real Girl's Guide to Money: From Converse to Louboutins, and a regular money commentator on TV and radio across Australia. In 1999, a background in banking Effie helped kickstart Money, which she edited until 2019. Effie holds a Bachelor's degree in economics. |