Archive: News & Media

November 2022

Buy now pay later preys on the poorest consumers

November 4, 2022
The perils of paying later. Ruairi O'Shea from Consumer NZ explores the perils of Buy Now Pay Later and speaks with one of Ngā Tāngata Microfinance's clients about her experience. Read full article
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Zero-interest Loans Change Lives For Struggling New Zealanders

August 12, 2022
Ngā Tāngata Microfinance Trust celebrates 1000 loans approved to low-income New Zealander's across Aotearoa. $2.5million worth of microloans, supporting 1000 Kiwi and their whānau.  With more we can do more ... Read full article
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Alcohol is the latest item consumers are using buy-now, pay-later schemes to purchase. But a bigger problem lies underneath.

July 18, 2022
The fact that bottle stores are even allowed to accept the latest unregulated form of credit has Ngā Tāngata Microfinance Trust chief executive Natalie Vincent worried more harm could befall debt-ridden consumers if action isn’t taken quickly. Read full article
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Should Buy Now Pay Later be in liquor stores?

An Auckland liquor store which sparked community outrage for offering Afterpay says it will no longer let customers buy alcohol using buy now, pay later service. Read full article
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Sharp rise in people missing repayments on buy now, pay later consumer loans

June 1, 2022
Without responsible lending laws, there was too much room for harm to vulnerable people from BNPL, said Natalie Vincent, chief executive of Ngā Tāngata Microfinance, which helps struggling borrowers get out of problem debt. Read full article
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It’s time to recognise that debt is a reality for families living in poverty

March 30, 2022
The Fairer Future Collaboration has released new work showing some of our worst-off families could face shortfalls of $300 a week or more after the government’s promised increases in income support take effect on 1 April. And this shortfall is more extreme for low-income households that have debt. Download article
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PODCAST – Being in debt to the government

May 5, 2022
More than half a million low income New Zealanders collectively owe the government $3.5 billion. Why do they owe so much? What's it for? And can they pay it back?Our CEO Natalie Vincent speaks to The Detail. Listen here
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Predatory lenders ‘circle’ as cost of living soars

March 28, 2022
As families decide what food they’ll cut from the grocery shop or what bill they’ll delay this week, Ngā Tāngata Microfinance chief executive Natalie Vincent is seeing marketing ramp up for buy now, pay later schemes, high-cost lending and debt consolidation. Read full article
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PODCAST – The Dangers of Debt

January 25, 2022
Natalie Vincent speaks with Simon Day about how easy it can be for people to get into financial difficulty when one crisis puts them into debt, how hard it can be to get out and the importance of building financial capability and wellbeing. Listen here
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“We’re not for profit, we are here for the people”

January 17, 2022
Natalie Vincent CEO of Ngā Tāngata Microfinance joins Nick Manarangi from Ryze to kōrero microfinance and financial well-being in Aotearoa. Watch interview
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