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:
Poll: Should the government levy industries that contribute to financial hardship?
As reported in the Post, there’s a $30 million funding gap in financial mentoring. This has led to services closing and mentors stepping in unpaid just to keep helping people in need 🪙💰🪙
One proposed solution? Small levies on industries that profit from financial hardship — like banks, casinos, and similar companies.
So we want to hear what you think:
Should the government ask these industries to contribute?
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0% Yes, supporting people is important!
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0% No, individuals should take responsibility
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0% ... It is complicated
Stolen Haro red mountain bike
My son’s red Haro mountain bike was stolen near Cornwall Park Avenue.
It was parked at our residence on 22nd January at around 8:00pm. We discovered it missing on 25th January at around 2:00pm.
If anyone living near Cornwall Park Avenue has CCTV footage between those dates and times, could you please check and let me know if you notice anything suspicious or see a red Haro mountain bike (photo attached)?
We would really appreciate any help. Please message me if you have any information.
Thank you so much.
A Neighbourly Riddle! Don’t Overthink It… Or Do?😜
Do you think you know the answer? Simply 'Like' this post if you know the answer and the big reveal will be posted in the comments at 2pm on the day!
If you multiply this number by any other number, the answer will always be the same. What number is this?
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