Beware high-interest Christmas loans: Fears families will face a festive ‘debt-spiral’
December 14, 2021
CEO of Ngā Tāngata Microfinance Natalie Vincent is worried struggling families are going to end up in unmanageable debt this festive season as they look for ways to afford Christmas after a financially tough year. Read full article
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Buy now, pain later: The potential risks of the latest credit craze
December 8, 2021
After a tough 2021, buy now, pay later is a tempting option. But for low-income New Zealanders, the new form of credit poses big risks.
The secret ‘buy now, pay later’ consumer lender code of conduct you are not allowed to see
December 2, 2021
Consumer Affairs Minister David Clark is refusing to release a draft code of conduct created by the buy now, pay later finance industry.
His debt in her name: Economic harm in which lenders are complicit
In New Zealand, Canada, Australia and the United Kingdom, Friday is Economic Harm Awareness Day.
Buy now pay later services stinging customers with late fees
A non-profit community lender is concerned at the impact of buy now pay later (BNPL) services. Ngā Tāngata Microfinance (NTM) say it’s getting so hard for the low-income people that they’re getting loans to pay their BNPL accounts.