The government is taking a closer look at ideas aimed at preventing people from ending up in huge amounts of debt when they need to buy a car.
Driving
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Representatives from across the finance industry met at a forum this week to discuss ways to improve access to safe credit for vulnerable consumers.
Lyn McMorran from the Financial Services Federation said many people needed to have a car to get around and get to work.
But for those who were struggling financially, the options could be limited.
“For responsible lenders, sometimes you just can’t help some people because of the lack of affordability. There has to be another way of doing this other than the traditional ‘here is a loan and this is what it…
Read the full article at: https://www.radionz.co.nz/news/national/362350/govt-looking-for-debt-free-ways-to-help-people-buy-cars