Worrying research highlights issues facing Financial Summit

Consumer Affairs Minister Simon Power today released research into third-tier lending.

Consumer Affairs Minister Simon Power today released research into third-tier lending ahead of the Government’s Financial Summit to be held in Auckland on Thursday.

The main piece of research, undertaken by the Ministry of Consumer Affairs, identified 218 third-tier lenders (lenders who provide personal, non-mortgage loans, excluding banks, building societies, and credit unions) operating in New Zealand, and examined the advertising methods they used.

Read the Minister of Consumer Affair's press release on the Beehive website.

View the research reports:

Using a third tier lender: experiences of NZ borrowers

Third-tier Lender Desk-based Research

Background Statistics for Considering Credit Issues