Westforce Credit Union - Latest News [Page 1]

New Zealand’s responsible lending code not worth the paper

Monday, 21 July 2014, 4:54 pm | Westforce Credit Union

While the UK last week became a slightly safer place for vulnerable consumers with a cap on payday lending, the New Zealand Government took steps to “ask" the loan sharks to participate in writing their own Responsible Lending Code. More >>

Debt must be tackled as a social ill

Friday, 4 July 2014, 10:49 am | Westforce Credit Union

Debt must be tackled as a social ill, like gambling and alcohol addiction A local credit union in South Auckland is calling on the Government to extend the same level of help it does to quit smoking initiatives, gambling helplines and addiction support ... More >>

Rising debt amongst the poor compounds social deprivation

Wednesday, 14 May 2014, 9:44 am | Westforce Credit Union

It is not surprising that the suburbs identified by the recent New Zealand Deprivation index as being most social deprived are also the areas frequently targeted by mobile lending trucks and payday and doorstep lenders. Referring to New Zealand’s latest ... More >>

Credit Union to beat loan sharks by joining them

Tuesday, 30 July 2013, 12:13 pm | Westforce Credit Union

Auckland and Whangarei based Westforce Credit Union recently launched a payday loans service in an attempt to undercut loan sharks who are locking Kiwi families into a crippling cycle of debt – sometimes with terms that can include an annual percentage ... More >>

Radical thinking needed in war on loan sharks

Wednesday, 29 May 2013, 3:48 pm | Westforce Credit Union

Personal loans charging low-income earners up to 600 per cent interest will continue to persist unless Government legislates a behaviour change by loan sharks. More >>

Parents less likely to borrow from children 's earnings

Monday, 29 April 2013, 10:28 am | Westforce Credit Union

Kiwi parents are less likely to dip into their children’s savings when times are tight, if the child has earned the money themselves. More >>