Personal loans booming as cost of living drives Australians to borrow record amounts

AI Summary

National debt helpline calls have increased alongside growth in new personal loans, which charged an average 9% interest in March Get our breaking news email, free app or daily news podcast Australians are borrowing record amounts in personal loans as a long-term buildup in living costs wipes out savings buffers. Newsiline summarises this report from The Guardian Australia and links readers to the original publisher for the full story.

Key Points

• Original report published by The Guardian Australia.
• Newsiline stores only headline metadata, source credit, and a short summary.
• Readers are directed to the publisher for the complete article.

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