Dangers of payment holidays on asset loans & other funding | Speirs Finance
The danger of payment holidays…
Anyone would jump at the chance for a free holiday and at the onset of COVID-19 and during the initial extended lockdown, many did just this when offered payment holidays on asset loans, finance agreements and other forms of funding. This applied to both personal and business finance to provide some financial relief in a time of great uncertainty with a high degree of market disruption.
And just as COVID-19 has changed our view on holidays and travel and there are new risks to consider when holidaying, the same applies to finance any form of asset loan. Finance payment holidays generally took the form of either:
It’s Riddle Time – You Might Need an Extra Cup of Coffee!
Nobody has ever walked this way. Which way is it?
Do you think you know the answer to our daily riddle? Don't spoil it for your neighbours! Simply 'Like' this post and we'll post the answer in the comments below at 2pm.
Want to stop seeing riddles in your newsfeed?
Head here and hover on the Following button on the top right of the page (and it will show Unfollow) and then click it. If it is giving you the option to Follow, then you've successfully unfollowed the Riddles page.
Poll: Do you think NZ should ban social media for youth?
The Australian Prime Minister has expressed plans to ban social media use for children.
This would make it illegal for under 16-year-olds to have accounts on platforms including TikTok, Instagram, Facebook and X.
Social media platforms would be tasked with ensuring children have no access (under-age children and their parents wouldn’t be penalised for breaching the age limit)
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Do you think NZ should follow suit? Vote in our poll and share your thoughts below.
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84.7% Yes
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13.9% No
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1.4% Other - I'll share below
Christmas gifts for underprivileged teenagers
We at St Stephens in Ponsonby collect christmas gifts for underprivileged (brand new- not secondhand). If you would like to help by donating gifts please either ring Denise on 0272866374 or drop off on a Friday morning between 10am & 12 midday, or Sunday morning between 9.30am -11.30am.