Number of people using moneylenders up 20%

More than half the customers of moneylenders own their own home, writes Emma Kennedy.

10th November, 2013
More than one in five customers are repaying loans to more than two moneylenders. Photo: Thinkstock

A new report on the licensed moneylending sector has revealed that while consumers seem satisfied with the service they receive from moneylenders, regulators have a number of concerns about the sector.

The new Central Bank report on the licensed moneylending industry follows on from a similar piece of research in 2007. The number of people using moneylenders has jumped by 20 per cent in the interim, up from about 300,000 in 2005 to about 360,000...

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