Centrepay is an online tool designed to help people on Centrelink pay for essentials like rent or bills through automatic deductions. But financial counsellors say the government service is instead being misused by some providers to exploit vulnerable Australians.
Then please demonstrate how easy it is for the consumer to check their total payments by posting a screenshot from that website that alerts the consumer to the possibility of paying 4x the cost of the device as the total cost of transaction.
If you’re signing a contract with no idea how much you’re going to be on the hook for, no amount of govt protection will keep you solvent.
The government could very much keep them solvent by, for example, mandating that consumer credit contracts must show tables of total payments including all fees and interest over time. Does the credit contract in question display such information? Onus is on you to provide proof if you’re alleging that it does.
At no point did I allege that, so no.
Doubt. They’ll find some other money trap to fall into in a week unless they’re taught to actually be smarter about their finances.
”Poor people are poor because of their inferior nature” Fuck off.