Too easy for crooks says man whose identity was stolen to open a buy now, pay later loan account stuff.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stuff.co.nz Daily Mail and Mail on Sunday newspapers.
Joseph Johnson/STUFF
Household debt has risen under Covid, but it’s not because of reckless consumer spending, but people taking out ever larger loans to buy homes.
New Zealanders focused on paying down their consumer debt when Covid-19 first hit the country, but an increase in the size of our mortgages means we are still more indebted than ever. The Reserve Bank national household balance sheet shows that between December 2019 and December 2020, households paid $2 billion off their collective consumer debt, such as credit cards. The total fell from just under $17b to just under $15b. But this isn’t slam-dunk evidence of a new national financial conservatism inspired by tens of thousands of households having had to seek home loan repayment “holidays” from banks during the national lockdown in April and May last year.
More than 100,000 businesses lap up interest free loan scheme nzherald.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nzherald.co.nz Daily Mail and Mail on Sunday newspapers.
Diana Clement: The pitfalls of buying your first car
3 Apr, 2021 05:00 PM
4 minutes to read
Long before you go car shopping you need to work out both what you need and what you can afford to buy. Photo / 123RF
Long before you go car shopping you need to work out both what you need and what you can afford to buy. Photo / 123RF
Your Money and careers writer for the NZ Heralddiana@wordfusion.com Buying your very first car is scary, exciting, and a step into adulthood. Even owning a beaten-up old wreck gives young people freedom and a sense of achievement. It comes with a massive financial learning
Press Release – Financial Services Federation The Financial Services Federation is pleased that New Zealands small and medium businesses will be better off with the extension of the Business Finance Guarantee Scheme (BFGS) to non-bank lenders. The Government-backed loan scheme is designed …
The Financial Services Federation is pleased that New Zealand’s small and medium businesses will be better off with the extension of the Business Finance Guarantee Scheme (BFGS) to non-bank lenders.
The Government-backed loan scheme is designed to help small and medium enterprises (SMEs) access credit for cashflow, capital assets, and in their COVID-19 recovery efforts.
Despite the high calibre of specialist, SME-lending finance companies in New Zealand, until now, the scheme has only been available to the banks.