Archive: News & Media

June 2022

Sharp rise in people missing repayments on buy now, pay later consumer loans

1 June 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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PODCAST – Being in debt to the government

5 May 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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It’s time to recognise that debt is a reality for families living in poverty

30 March 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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Predatory lenders ‘circle’ as cost of living soars

28 March 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

25 January 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”

17 January 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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Beware high-interest Christmas loans: Fears families will face a festive ‘debt-spiral’

14 December 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

8 December 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.

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The secret ‘buy now, pay later’ consumer lender code of conduct you are not allowed to see

2 December 2021

Consumer Affairs Minister David Clark​ is refusing to release a draft code of conduct created by the buy now, pay later finance industry.

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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.

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