The concept of borrowing and lending is not a new phenomenon among New Zealanders and the global population at large. For instance, one may take a car loan to buy a car, a mortgage loan to buy a house, a student loan to acquire an education and credits cards to Read more…
How Do Credit Scores Work in New Zealand? Understanding a Credit Check Looking to understand how a credit check really works and how your credit score is rated? Learn all you need to know in this simple guide… Are you in need of some money and you aren’t sure if Read more…
Kiwis are experiencing a debt crisis. Household debt as a percentage of income went up from 53% in 2014 to 164% in 2019. In 2015 over half of New Zealanders were in debt. The average amount was around $79,000 per person. That debt included loans for real estate, education, and consumer durables such Read more…
Looking to take a loan with a bad credit score? The good news is you can, the bad news is you may have to pay a higher than average interest rate. Having a bad credit score isn’t a death sentence. Whether it’s a job loss, bad economy or mismanagement of Read more…
Financial burdens can place a tremendous amount of pressure on you. If you’re struggling with paying off large amounts of debt, you’re not alone. The average debt in New Zealand is $79,000 per person. The scariest part about the money owed is the debt to asset ratio. Most New Zealanders make Read more…
How Do Personal Loans Work And How to Qualify In the first quarter of 2018, personal loan debt stood at $120 billion. Such high figures raise the question “how do personal loans work and why are people in so much debt?” Personal loans come in handy for people who have a Read more…