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Visionweek 8 June - 12 June 2020

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    2. QUALITY LIVING Q&A
    3. Credit facilities OUT of CONTROL
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    Timea Kincs
    Jun 10, 2020

    Credit facilities OUT of CONTROL

    Surely we can stop this lunacy

    GE Credit/Gem - 29% per annum (all for depreciating assets)

    Bank Deposit 1-2% (great reward for doing the right thing - not)

    House loan 4-5% (mostly for appreciating assets)

    What % of hospitality workers with no job are paying off cars etc?

    Stop loan sharks making a fortune - most owned by banks - criminal

    MY VISION

    ALL credit (credit cards, Gem, Instant Finance, Marac, Save my Bacon, Provinance, on and on they go....)

    Will NOT charge interest for the next 6 - 12 mths so people are not going to be eaten up and left bankrupt

    Closed
    0
    The Shift Aotearoa
    Jun 14, 2020

    Is it true that some high interest commercial loan operations are owned by banks?

    "Stop loan sharks making a fortune - most owned by banks - criminal"

    0
    Timea Kincs
    Jun 14, 2020

    I know quite a few are ie Heartland Bank owns Marac, if they are not outrightly owned they are underwritten and involved - UDC and BNZ, Avanti and Heartland all making money out of the poor. See if you can find out who is behind GEM - the real criminals in finance

    0
    Closed
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