High personal debt levels in Australia have led to an abundance of short-term finance lenders entering the market, however - more options can bring increased confusion to customers.
Cash Doctors co-founder, Sean Teahan, said that the company’s financial resolution is to help improve the financial literacy of their clients so they are able to make informed decisions when selecting a lender.
“Improving financial literacy empowers people to make more informed financial decisions,Mr Teahan said.
“We’re doing this through providing a range of helpful information on our website, excellent customer service and a transparent loan process. We’re helping potential customers decide whether Cash Doctors is the right finance option for them.
Greg Ellis, fellow co-founder of Cash Doctors, said that as a lender, he strongly believes in transparency in the lending process.
“Throughout all aspects of the loan process we encourage our customers to be responsible in their borrowing behaviour, by ensuring the fees, terms, conditions and the intended use of our product are completely understood before the loan is approved,Mr Ellis said.
Mr Ellis said that helping improve the financial literacy among clients is an obligation of being a responsible lender.
“We lend for the right reasons and we want our clients to borrow for the right reasons too; we want to raise the bar in terms of the company as well as the customers."
“At Cash Doctors, we pride ourselves on our reputation as a responsible lender that provides advances under a continuing credit contract which at all times is governed by the 48% rate cap in applicable states."
Cash Doctors was established in 2010, and continues to grow as Australia’s leading online payday lender. For more information, visit http://www.cashdoctors.com.au.
For further information, please contact:
Kirsten Stallard
Public Relations Coordinator
kstallard(at)cashdoctors(dot)com(dot)au
Ph: 133 156
No comments:
Post a Comment