Tom Elliott left stunned by loan he says is ‘daylight robbery’

Tom Elliott has taken Cash Converters to task over a type of loan they offer he says is “daylight robbery” and left him stunned it’s legal.

“If that’s not being ripped off, I don’t know what is,” the 3AW Drive host said on Friday.

Press PLAY below to hear Tom Elliott explain

Sarah Wells is a money and finance commentator said there was “always a way” around legislation.

Press PLAY below to hear her explain how and why it’s allowed