In 2012, there was a huge boom in the New Zealand market for payday loans through the internet lending companies, St. George and West Auto centers popularer the online assistance home to get loans to around 5 billion NZ dollars. Some of these companies offer debt collection firms to collect any unpaid loan combinations breach their “inquiries” MSRP from the lender.
This is because the lenders backed up the loans in their database. However according to the report, “in 2012 after hearing several stories within the industry amongst the application decisions, I’ve come to the view that there isn’t enough focus on taking care of customers and their loans. It is obvious that this is costing plenty more than the money being collected…..And I see at worst another victim.”
Be aware your lender does not keep a record of an issue, so it’s up to you as customer to track down the causes and collect any points before your lender decides to suspend your tokens orRefund your money or transfer your loans.