On the 11th day of Christmas my no interest loan was approved for a washing machine and a TV.

After going through a divorce, John went through a very difficult time. Despite his previous steady work history, a recently acquired bad credit rating meant he could not acquire a loan from a bank.

He was was forced to take out fast cash loans from payday lenders for $150, and pay back $250 or more each time until he found Good Money in Collingwood.

“They looked at me like a person, and were friendly. I was feeling swamped and needed to hit the pause button.”

“They made me realise I had options, and gave me another chance by sorting out my issues with Centrelink and giving me a loan.”

With a NILS loan, John bought a washing machine for his public housing apartment and a television so that his ten-year-old son would enjoy staying with him on holidays.

The No Interest Loan Scheme (NILS) provides individuals and families on a low income access to safe, fair and affordable credit. Loans start from $300 up to $1200 for essential goods and services. To find out more, call 13 NILS (13 6457) or www.nils.com.au

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