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Sep 28, 2017 - 34 minute read

Cash advance pittsburgh pa

" The independent expert will also review Cash Converters' business operations. Consumers who had two or more small amount loans in the 90 days before taking out another small amount loan through Cash Get cash loan quick website during the period 1 July 2013 to 1 June 2016 will cash advance pittsburgh pa contacted with information about their refund.

People are advised to lodge a complaint with the Credit and Investment Ombudsman if they believe they entered a loan contract with Cash Converters either in-store on online that was unsuitable.

Refunds are 'without admission of wrongdoing' Cash Converters released a statement to the Australian Stock Exchange this morning saying it had cooperated with the ASIC investigation. "The company has offered, and ASIC has accepted, an Enforceable Undertaking (EU) in relation to the matters investigated," it said.

"In accordance with the EU, the company will remediate certain customers who applied for and were granted small amount credit contracts via the Cash Converters website in the period 1 July 2013 to 1 June 2016.

"The company has been given an extensive release by ASIC, and entry into the EU is without admission of wrongdoing. " Denise Boyd from the Consumer Action Law Centre told the ABC that ASIC's action is "very welcome" but there is "a deep rooted problem in the payday lending industry". "The industry seems to be unable or unwilling to lend responsibly," she said.

"If the biggest player in the market has been found to have such a serious problem that now has to pay back millions of dollars to people that it has irresponsibly lent to, then I cash advance pittsburgh pa it throws a serious question mark over the legitimacy and responsibility of the entire industry.

Cash advance pittsburgh pa

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Cash advance pittsburgh pa

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