Fintech’s part within the rise that is worrying of lending

We utilized to phone them ‘loan sharks’ nevertheless now they will have the rather more respected moniker of ‘payday lenders’. Nevertheless a recently released ASIC report has highlighted some ‘shark’ like behaviour returning to the sector plus some seriously stressing trends rising into the ’emergency’ loan behaviour of everyday Australians. Since 2008, how big the mortgage market has exploded by over 125%, with $400 million in loans written in the one year to June year that is last. Is this a barometer for a drop that is potentially worrying the nation’s quality lifestyle, and on occasion even an indicator for the widening gap involving the countries richest and poorest?