New data shows one debt collector is suing people for bankruptcy over small loans. Lion Finance is buying large batches of small debts, many less than $10,000, and chasing people’s assets to pay it off – including the family home.
Read more here: https://www.abc.net.au/news/2019-08-13/debt-collectors-suing-for-bankruptcy-over-small-credit-card-debt/11335000
For more from ABC News, click here: http://www.abc.net.au/news/
If you’re in Australia, you can watch more ABC News content on iview: https://iview.abc.net.au/channel/news
Subscribe to us on YouTube: http://ab.co/1svxLVE
You can also like us on Facebook: http://facebook.com/abcnews.au
Or follow us on Instagram: http://instagram.com/abcnews_au
Or even on Twitter: http://twitter.com/abcnews