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
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"
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