A 57-year-old disability support pensioner is taking Australia's biggest payday lender Cash Converters to court, claiming it broke the law by repeatedly offering her loans it knew she would struggle to pay back.
Documents lodged with the Federal Circuit Court this week show the pawnbroker is accused of offering 63 loans to the Melbourne woman in six years, despite knowing she was on the pension and fighting a gambling addiction.
The woman has asked to remain anonymous.
Her legal representative, the Consumer Action Law Centre, said Cash Converters had failed to assess the ability of a borrower to pay off a loan, as required under the 2013 payday lending reforms.
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