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:
🧩 Crack the Code: Today’s Riddle Challenge! 🤔
I’m a three-digit number; my tens digit is five more than my ones, and my hundreds digit is eight less than my tens—what am I?
Do you think you know the answer to our riddle? Don't spoil it for your neighbours! Simply 'Like' this post if you know the answer and the big reveal will be posted in the comments at 2pm.
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Show us your creative backyard build
We hope you've been enjoying the Neighbourly Backyard Awards so far, we know we have!
It is time for our last award. And the category is....Most creative backyard build
It could be a planter box, an outdoor table or even a backyard bar. We just want to see the sanctuary you've created in your backyard.
So share a photo, or two, in a comment below of your creation or backyard set up a to be in to win a $100 Mitre10 voucher. Winner will be announced next Monday 🛝🪴🛖
Poll: Do you have a pet at home?
Neighbourly members LOVE their pets, whether it's a smoochy cat, a trusty pup or even a feathered friend.
We'd like to know how many of you who see this post actually have a pet at home. Let us know in the poll below!
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73.7% Yes - I have a pet / multiple pets
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7.7% Not currently, but one day!
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18.6% Nope, I live in a pet-free home
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