Exploring the role of fringe lenders in the lives of Queenslanders

Shevellar, Lynda and Marston, Gregory (2011) Exploring the role of fringe lenders in the lives of Queenslanders. Australian Journal of Social Issues, 46 2: 205-222.

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Author Shevellar, Lynda
Marston, Gregory
Title Exploring the role of fringe lenders in the lives of Queenslanders
Language of Title eng
Journal name Australian Journal of Social Issues   Check publisher's open access policy
Language of Journal Name eng
ISSN 0157-6321
Publication date 2011
Sub-type Article (original research)
Volume 46
Issue 2
Start page 205
End page 222
Total pages 18
Place of publication Strawberry Hills, NSW, Australia
Publisher Australian Council of Social Service
Collection year 2012
Language eng
Abstract The fringe lending sector in Australia has experienced considerable growth over the last decade. However, very little is known about the profile of the typical borrower or the typical lender – though much is assumed about the morality and motivation of both. Drawing upon findings from a pilot study conducted in Queensland during 2008‑2009, we discuss the changing landscape of fringe lending in Australia before exploring how borrowers and lenders construct their respective motivations and actions. We conclude that the use of fringe lenders by low‑income Australians provides useful insights into the growth of fringe lending in Australia and the limitations of policy responses that are trapped in the regulation versus non‑regulation debate. We suggest that a more appropriate response must also consider the wider context of insufficient incomes to meet increased living costs. The policy debate needs to ensure that it acknowledges the complex demand and supply reasons for increasing demand for short term credit. The debate also needs to recognise that, in the absence of alternatives, fringe lending products will remain a prominent aspect of the financial management strategies of Australians living on low incomes.
Keyword Fringe economy
Payday lending
Q-Index Code C1
Q-Index Status Confirmed Code
Institutional Status Non-UQ

Document type: Journal Article
Sub-type: Article (original research)
Collections: Non HERDC
School of Nursing, Midwifery and Social Work Publications
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Created: Tue, 13 Mar 2012, 06:01:20 EST by Dr Lynda Shevellar on behalf of School of Social Work and Human Services