Budget Services around the country are banding together to petition the Government. We believe that the law as it stands does not adequately protect consumers from predatory lending practices.
Please consider using the link below to add your name to our petition.
Every day in New Zealand predatory lending leaves people suffering under huge interest rates and penalties. That’s money going into loan sharks’ profits when it should be going into putting food on the table, paying the rent, or vital visits to the doctor.
It’s wrong and the Government is taking steps to fix it with a new law. There’s only one problem. Without an interest rate cap the law won’t work.
Article type: News and information
Contact Name: Rosalie Grant
Contact Phone: 5469021
Contact Email: [email protected]