A spend up on your credit card or with a buy now pay later company can feel like a blissfully free shopping experience.
Those cute clothes for the kids, the dinner out with friends and the stylish new toaster can all be bought with easy credit but if you are not careful – they could cost you big time.
Read MoreThe law change means any practitioner dealing in New Zealand insolvency cases must comply with the Act and be licensed, which includes debt specialists, and accountants or lawyers working in insolvency.
Debtfix co-founders Shaun Adams and Christine Liggins are both licensed insolvency practitioners.
Read MoreAt last Pretty Penny has met its judicial fate and been sent packing from New Zealand.
Far from ‘helping everyday people’ as their tagline states, Pretty Penny was a thorn in the side of those of us who deal with the fall out of financially desperate Kiwis trapped in debt blow outs.
Small loans with extortionate interest rates clearly target New Zealanders who struggle to make ends meet and often they borrowed money with little knowledge of the true cost of their loan.
Read MoreWhen a marriage or de facto relationship breaks up financial matters often cause a lot of grief, especially when money is used as a weapon to hurt the other partner. People often think about the division of assets and custody of children, but debt floats our boat and we have investigated what happens when a Kiwi couple decides to set sail in different directions.
Read MoreEverybody and every organisation should have a budget and regularly review it, whether it’s a business, household, sports club, or the New Zealand Government. The Wellbeing Budget 2020: Rebuilding together was rapidly changed in response to COVID-19 and indicates further support for people who are the most vulnerable.
Read MoreThere’s no easy way of saying it — the Covid-19 crisis has caused significant financial stress for many New Zealand households and will continue to do so for a long time to come.
Read MoreWhen dealing with an international pandemic, it’s not so easy to present a strategy one day and expect it to be perfect or the same the next day.
Covid-19 is a challenge for everyone, whether families are coping with children, people are dealing with fears of serious illness or those living on a tight budget are now bewildered about their financial future.
Read MoreWhile many New Zealanders were still swanning about on holiday, the Review of Retirement Income Policies submitted to the Minister of Commerce and Consumer Affairs went public.
Stop. Don’t hit the ESC button. This is important to everyone, whether you are in or out of debt.
Read MoreThink of debt like a beautifully kept car, with regular cleaning and maintenance it’ll remain shiny, reliable and functioning. But with a few months or years of neglect, it’ll become messy and at risk of a breakdown.
Read MoreDebtfix knows most people want to get ahead financially but it’s easy to get swept up in the feeling that you always need to buy the newest, most expensive things to keep up with The Jones.
Read MoreNobody wants to be swamped with debt, but many things affect a person’s financial stability and plenty of New Zealanders struggle to pay the bills.
Read MoreSadly, in this world of buy now pay later we can often find ourselves in a position where there is simply not enough money to pay others what we owe them.
Read MoreStruggling to understand what a Summary Instalment Order (SIO) or Debt Repayment Order is - this article helps simplify the mystery and to help you work out whether it is a right insolvency option for you
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