News from the iCollect Blog
It’s easy to collect credit cards and buy on hire purchase. But along the way, you could find you have collected a whole mountain of debt. If you are also struggling to make the minimum repayments on time, the additional fees can mean your level of borrowing quickly escalates. A “debt consolidation loan” is one […]
Your credit record may be more important than you think. Information about your history regarding credit, debt, and repayment is being updated all the time and could have a big impact on you. Bad credit ratings happen to people in all walks of life. Missing a few payments on the house, car, power or phone […]
The highest percentage of credit card accounts that come past due occurs in the months after Christmas – 7.6 per cent of Kiwis pay their credit card bills late. By April, these debts could start being referred to debt collectors. If you owe money to a creditor and stop making payments, they can take action […]
The average student loan balance is close to $21,000. Almost 731,800 people have a student loan. In the year to June 2016 40,695 borrowers repaid their loans in full. Course fees are the main cost – more than 90 per cent of students borrow in order to pay their fees. The second largest driver of […]
You might think it’s just a forgotten library book, but with debt collectors visiting more than 300 Wellingtonians last year for outstanding library fines, that overdue book could put a mark on your credit history. Library and community spaces manager John Stears said the debt collectors were effective in making sure the debts were settled, eith...
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