David Mara: Pay-day lending predatory behaviour
Matt Heath & Tyler Adams Afternoons · Newstalk ZB
July 9, 20193m 43s
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Show Notes
A budget advisory service says predatory lenders are taking advantage of desperate people.
Lending company Moola is facing legal action over interest rates of more than 500 percent.
The Commerce Commission is alleging it's breached responsible lending practices.
Christchurch Budget Service manager David Mara told Simon Barnett and Phil Gifford it's predatory lending.
Lending company Moola is facing legal action over interest rates of more than 500 percent.
The Commerce Commission is alleging it's breached responsible lending practices.
Christchurch Budget Service manager David Mara told Simon Barnett and Phil Gifford it's predatory lending.
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