Dangers of payment holidays on asset loans & other funding | Speirs Finance
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:
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Poll: Is it ok to regift something that you have been given?
🎁 Holiday Gift Chat!
Do you ever regift?
What’s your take on asking for a receipt if a gift doesn’t fit?
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78% Yes! It's better to regift what I don't need
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22% No. It's the thought and effort that matters
Poll: 🗑️ Would you be keen to switch to a fortnightly rubbish collection, or do you prefer things as they are?
Aucklanders, our weekly rubbish collections are staying after councillors voted to scrap a proposed trial of fortnightly pick-ups.
We want to hear from you: would you be keen to switch to a fortnightly rubbish collection, or do you prefer things as they are?
Keen for the details? Read up about the scrapped collection trial here.
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82.3% Same!
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17.7% Would have liked to try something different
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