TMM - News

More than just ability to pay matters

Thursday 18th of February 2016

Banks are now working under the Responsible Lending Code, which guides them on how to meet their Credit Contracts and Consumer Finance Act obligations.

Christine Lockie, of Auckland firm LoanPlan, said she dealt with one case where a man's full-time job required he work 60 hours a week, which raised concerns for the bank.

“He has worked this job for the last 18 months and makes go...

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