According to the Age newspaper in Victoria the former state cabinet minister Christine Campbell says some vulnerable customers are being hit with interests rates on overdue credit of up to 34%. Ms Campbell, the Labor member for Pascoe Vale, said banks and finance companies were refusing to take responsibility for selling credit to shoppers who could not afford it.

Flexigroup who for more than a decade has had a financial arrangement with Harvey Norman is currentlu on the skids with their shares crashing in value during the past few weeks.

She called on the State Government to investigate the credit lending practices of the big retail chains and insist that they declare all fees and commissions.

"Credit providers are not philanthropic charities and they should be stopped from masquerading as such," Ms Campbell told the Victorian Parliament.

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