Australia's new credit reporting system means more data is available to lenders, but only under certain conditions, thanks to Australia's strict privacy laws. It's a far cry from the Wild West scenario in place in countries where data is up for sale to the highest bidder.
So it's on sale but you have to rack up debt to buy it? It's not a bargain. Here's how to survive the spending season without waking up to a debt hangover in the new year.
If you are feeling wealthier when you look at your rising super balance, watch out you don't increase your spending and take on more debt to live more comfortably.
Social media and blogs are quickly becoming the honeytrap of choice for payday lenders, providing an unregulated space where their products can be touted under the guise of lifestyle advice.
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