FAIR GO - SMALL CASH LOANS

Rights Information
Year
1993
Reference
TZP116530
Media type
Moving image
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Rights Information
Year
1993
Reference
TZP116530
Media type
Moving image
Item unavailable online

This content is for private viewing only. The material may not always be available for supply.
Click for more information on rights and requesting.

Series
FAIR GO
Categories
News & Production
Duration
004:54
Broadcast Date
03/03/1993
Production company
TVNZ
Credits
REPORTER: Liane Clarke
PRESENTER: Sean Plunket
PRESENTER: Brett Dumbleton
PRODUCER: Peter Morritt
DIRECTOR: John Boyd
TPA: Jacqui Kensington
EDITOR: Chris Mitson

An item about finance company Small Cash Loans, Otahuhu, who charge exorbitant interest rates. Fono Sulusulu signed a Small Cash Loan agreement for $500 with interest rate at 37.5 percent but the true annual interest rate worked out to be 324 percent, Penina Savili borrowed $250 at a rate of 38.75 percent but the true annual interest rate worked out to be 755 percent.