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Perth mummy on handicap pension charged $760 for $175 debt by short-term assets rep Cigno

It had been her daughters first christmas that tipped Perth mummy Jayde Lowe into financial hardship.

Key points:

  • Jayde Lowe took $175 from Cigno and owed $935.50 months later on
  • Cigno grants short term lending products up to $1,000 but not regulated from National credit score rating function
  • There are necessitates financing regulation reforms to ensure that vulnerable people arent ripped off
  • The 22-year-old, who has an intellectual handicap and depends on a Centrelink retirement for returns, was without enough cash buying nutrients on February 19, aside from a gift to be with her child.

    An advertisement on Facebook for Queensland-based temporary loans broker Cigno furnished a quick repair.

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