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:
What's your favourite recipe for courgettes?
Kia ora neighbours. If you've got a family recipe for courgettes, we'd love to see it and maybe publish it in our magazine. Send your recipe to mailbox@nzgardener.co.nz, and if we use it in the mag, you will receive a free copy of our January 2025 issue.
Christmas Trees
Taking orders now for delivery or click and collect. Opening on Friday 22 November - 7 Days 9am to 6.30pm. Balmoral Road/Tenterden Ave Corner. Beautiful fresh fragrant Christmas Trees, Tree stands, local delivery service & Recycle pick up Service.
Retire in comfort and security
Premium care just meters away form our village. Join our caring community, where passion thrives. Trust Terrace Kennedy House for exceptional care and meaningful connections.
Loading…
