Consumer lease position paper

Good Shepherd Microfinance has published a position statement on consumer leases. The statement calls consumer leases ‘credit-in-disguise’ and suggests they be subject to the same regulations as payday lending. It also calls for the introduction of mandatory positive credit reporting for consumer lease companies, the introduction of ‘protected earnings provisions’ to all people on low incomes and a cap on the cost and length of leases.

More News

Household Relief Loans Without Interest

Household Relief Loans Without Interest for anyone impacted by COVID-19 are available now. In collaboration with the Australian Government, we’re providing No Interest Loans of up to $3,000 towards rent and utilities, repayable over 24 months. To apply visit: