Kate’s Story: Payday Loans
Kate is 38 and suffers mental health issues. In June 2020 she obtained three loans from a payday lender totalling over $2,000. As her only income is the DSP, Kate had no way to repay these debts. Financial Rights raised a dispute with the lender seeking a waiver on compassionate grounds. They agreed to waive Kate’s remaining debt on all the loans and released her from liability.