Archive: News & Media

December 2021

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
Read more

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.

Read more

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.

Read more

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.

Read more

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.

Read more