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Sep 28, 2017 - 34 minute read

Best reason to get a personal loan

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Best reason to get a personal loan

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Best reason to get a personal loan

It said the British network had "struggled in tough trading conditions" and it would "go back to basics" by selling its corporate stores and acting as a master franchisor. It also said it would stop operating auto financing business Carboodle because its volume growth had been too low. It would instead change to a secured motor-lending business. It plans to expand operations in Australia, offering a wider range of loans to include "medium amount" loans of up to 5000.

More than 1 million Australians are estimated to take out a payday or short-term credit contract loan each year. In 2012, the market was between 800 million and 1 billion. Cash Converters said it had signed a new facility to replace its bank funding, with Fortress Investment Group. A government review money shop instant cash loans the sector was due to make its recommendations this month.

Cash Converters reported a 15. 9 million profit for the first half of the financial year; up from a 5.

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