Why borrowing responsibly is ‘more important than ever’ now

The Federal Government is aiming to ease responsible lending laws, hoping it will help stimulate the economy. But with the onus of assessing the suitability to take on debt set to be placed back on a borrower, experts warn it is more important now than ever to borrow responsibly. Feature by Josipa Kosanovic, Renuka presents in Tamil.

Under the proposed changes creditors who borrow money irresponsibly will no longer face civil and criminal penalties. Source: Getty Images/skynesher

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