This was my first thought also... saving jar, spending jar, credit checks...
Seems like an oxymoron....
From AFR "It will be known as Credit Jar and will offer eligible customers a credit limit of up to $1000, which is paid back over six automatic weekly instalments.
New customers will be subjected to full credit and responsible lending checks. It is intended to be used as a safety net for unexpected expenses, rather than a way to impulse buy products."
Hard to say which way it will go... if it breaks past .35 then do you follow the money???
This is not financial advice. This is my speculative opinion only.
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