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Loans at 500pc interest
Christmas shoppers are being tempted with offers of "interest-free" cash loans before an interest rate in excess of 500 per cent kicks in.
Christmas shoppers are being tempted with offers of "interest-free" cash loans before an interest rate in excess of 500 per cent kicks in.
New Zealanders are collectively paying more than $600 million a year in interest on personal credit card debt, according to figures from the Reserve Bank.
A reclusive millionaire with a secret treasure trove of gold and silver may face perjury charges after fleeing to the other side of the world to escape a debt he didn't want to pay.
BNZ had a 64 per cent drop in its provision for bad and doubtful debts in the first half.
Last year was one of the strongest in recent times for the profitability of New Zealand's banks.
NZ is very exposed with its high level of external borrowing, says Aaron Hing
Surprises are often a pleasant part of travel but an unpleasant and costly one may await on the return home.