Study and Education Loans are personal loans for students that help to pay for essential expenses as they progress through their course. Maybe you’re retraining in a new skill, going back to university later in life or starting your education straight out of high school.
No matter what stage you’re at, ensuring that you have the money you need to cover tuition costs and other tertiary expenses, can help take some of the strain off so you can focus on your education. There are a variety of reasons students may require a quick cash loan, including:
From essential textbooks to an emergency laundry run, there are countless circumstances that may leave students needing money outside of their day-to-day budget. Expenses like these often need to be covered quickly, which is why a Study and Education cash loan can be useful when you do not have time to go through a long application and waiting period.
If you need a little support between your Centrelink payments, a small cash loan may be able to help.
We believe that everyone should have access to a financial solution regardless of past credit history.
It is important with all loans that you make sure you can afford the repayments before entering into any agreement. If you cannot, you should consider other options.
Cigno specialises at finding a suitable solution to meet your needs, whether that be a loan option or another financial solution.
For more information, check out our FAQ’s.
In the period from July 2022 to 3 October 2023, over 100,000 consumers have been lent a total of $34 million, and charged fees of over $70 million, under the ‘No Upfront Charge Loan Model’ operated by BSF Solutions and Cigno Australia. At no time has either BSF Solutions or Cigno Australia held an Australian Credit Licence.
The Court also found that Mark Swanepoel (director of Cigno Australia) and Brenton James Harrison (director of BSF Solutions) were involved in these breaches of the law.
With effect from 24 May 2024, the Court has granted permanent injunctions preventing Cigno Australia and BSF Solutions from:
Cigno Australia was ordered by the Court to, by 5th July 2024, send written communications to consumers who between July 2022 and December 2022 entered into agreements with Cigno Australia and BSF Solutions under the ‘No Upfront Charge Loan Model’.
The Court will later determine whether (among other things) Cigno Australia and Mark Swanepoel ought to pay a pecuniary penalty in respect of this conduct, and whether Mark Swanepoel should be restrained from carrying on a business engaging in credit activity.
Cigno Australia, BSF Solutions, Mr Swanepoel and Mr Harrison intend to appeal the decision of the Court and have filed an application for leave to appeal. If the appeal is successful, some or all of the orders of the Federal Court of Australia may be set aside.
You can access legal advice in your state at: Free legal advice – Moneysmart.gov.au.
If you are experiencing trouble with debt, or money worries in general, contact:
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