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Instant Loans News

Pawnshop Fee Cap Scrapped

Sunday December 28, 1997
A "POOR man's bank" or a vampiric business that shouldn't be allowed? Victoria's pawnbrokers will be on trial from Thursday, when they will be allowed to charge unlimited interest on loans. A cap of a flat rate of 48 per cent will be scrapped and it will be easier to become a pawnbrok