Preying on the poor!
The wealthy go to banks if they need cash and pay far less interest, the poor cannot get loans so these leeches feed off their fiscal deficiencies.
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Lenders target families with Christmas money: posted By Morgan Tait NZ Herald
Family support manager says door-to-door salesman are using gifts to push loans
Money lending firms are offering lavish gifts and prizes to entice people into taking out high-interest loans for Christmas.
Companies with interest rates of up to 43 per cent are being accused of "targeting the vulnerable" in Auckland's lower socio-economic groups.
THE HONEY TRAP
Offering such things as:
- Draw to win a Suzuki Swift
- Free mobile phone
- Win a food hamper and a barbecue
- Free delivery of a car bought on credit
interest rates of up to 43 per cent
The full article Lenders target families with Christmas money: posted By Morgan Tait NZ Herald can be read here