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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 kcb personal loans requirements billion. Cash Converters said it had signed a new facility to replace its bank funding, with Fortress Investment Group.
Sss personal loan renewal government review into 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.