News

Concern at rental loan scheme

Friday 28th of June 2013

A new company, MoveSmart, is offering 24.95% unsecured loans to people who need help with expenses such as a bond, rent in advance or repairs when they move out of a property. The money is paid directly to the landlord or property manager.

Terms are available of three to 24 months but most tenants are opting for six to 12 months.

Andrew King said it was more dangerous than somet...

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