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Four common debt traps: payday loans, consumer leases, blackmail securities and credit 'management'

  • Written by Saurav Dutta, Head of School at the School of Accounting, Curtin University
Four common debt traps: payday loans, consumer leases, blackmail securities and credit 'management'Businesses are structuring their lending practices to exploit loopholes in consumer credit lawsShutterstock

From Shakespeare’s Shylock to Dickens’ Ebenezer Scrooge to HBO’s Tony Soprano, characters who lend out money at exorbitant interest rates are unsavoury.

So what should we think of businesses that deliberately target the...

Read more: Four common debt traps: payday loans, consumer leases, blackmail securities and credit 'management'

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