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Legal centre warns of Christmas debt
By Emma Ryan|31 December 2020
An Australian legal centre has warned of the dangers of taking out loans or utilising buy now, pay later services, with Christmas expenses taking their yearly toll.
According to the Financial Rights Legal Centre and Mob Strong Debt Help, Aussies often find themselves in debt following the festive season due to high expenses being spent over the period.
The pair have issued a joint statement urging Australians to be extra vigilant this year, with the COVID-19 pandemic likely to have placed added stressors on finances in 2020.
Financial Rights Legal Centre chief executive officer Karen Cox said while taking out loans or using buy now, pay later (BNPL) services to cope with the added pressures, these options could be the start of an ongoing debt trap. ....

Amanda Cameron , Karen Cox , Emma Ryan , Investments Commission , Financial Rights Legal Centre , Mob Strong Debt Help , Rights Legal Centre , Australian Securities , Financial Rights Mob Strong , அமண்டா கேமரூன் , கரேன் காக்ஸ் , எம்மா ரியான் , முதலீடுகள் தரகு , நிதி உரிமைகள் சட்டப்பூர்வமானது மையம் , கும்பல் வலுவான கடன் உதவி , உரிமைகள் சட்டப்பூர்வமானது மையம் , ஆஸ்திரேலிய பத்திரங்கள் , நிதி உரிமைகள் கும்பல் வலுவான ,