Good post. That's the part that concerns me the most. I finance website looks like a good clean one and is very well done but unsecured lending for weddings and travel and another subsidiary Holden financial services a division of Heartland bank is running a no wallet no worries marketing campaign on selected new Holden's, see
www.holden.co.nz for details...basically marketing to people with no money to put down as a desposit and no payments till 2016. Prudent lending ? (
shakes head :eek2:...did we learn nothing from the GFC) I dunno, none of my regular mates I communicate with by PM and e.mail seem concerned about this but I'm still really not so sure about this sort of lending...so just decided to air my concerns on the main forum and see what others think.
Does this sort of lending play out like a bad movie that we've seen before and don't want to see again ? Others would say this time its different....Hmmm