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    Well over 30,000 pay day loans concentrating on the monetarily vulnerable withdrawn a week

    Well over 30,000 pay day loans concentrating on the monetarily vulnerable withdrawn a week The short term, high-interest lending products for levels as many as $2,000 can charge annual percentage of interest as much as 407per cent and result in a debt spiral Helper treasurer Michael Sukkar, appropriate, states government entities remains devoted to changing the arena, but reforms must ‘strike the proper stability. Photos: Mick Tsikas/AAP Assistant treasurer Michael Sukkar, ideal, states the us government object devoted to changing the arena, but reforms must ‘strike correct balances. Image: Mick Tsikas/AAP Last adapted on Mon 11 Nov 2019 17.03 GMT Payday advance loans concentrating on the economically vulnerable are increasingly…