Joint Press Release: Reducing the risk of a flood of financial misery

February 20, 2023

Reducing the risk of a flood of financial misery

The exemptions for emergency relief are welcome news for people covered by this support. But what about those who are not?

Our CEO, Sasha says “Those who are renting, uninsured, on low incomes and paying higher interest rates for their loans not only need immediate emergency support, but also long-term financial help.While many families will be taking a “borrow first ask questions later” approach to tackle post-flood challenges."

Sasha Lockley and Natalie Vincent say there are alternatives and that now is the time to ensure community finance and debt solution providers are front and centre as safer, kinder, options for those in need.

Natalie Vincent CEO of Nga Tāngata Microfinance says, “When your average household income is $36,000 and you’re already juggling thousands of dollars of problem debt, taking on more interest-bearing credit will inevitably end up in a debt spiral.”

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