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 all neighbours have to contribute to improvements?
An Auckland court has ruled a woman doesn’t have to contribute towards the cost of fixing a driveway she shares with 10 neighbours.
When thinking about fences, driveways or tree felling, for example, do you think all neighbours should have to pay if the improvements directly benefit them?
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82.1% Yes
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15.2% No
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2.7% Other - I'll share below
Auckland’s Angels appeal gets helping hand from Auckland Council
🎄✨ Christmas is just around the corner, and we're proud to support the Auckland City Mission – Te Tāpui Atawhai Auckland’s Angels appeal to help those in need this festive season! 🪽
🎁 Have unwrapped gifts or food donations at home? Drop them off at our libraries or pools and leisure recreation centres between 2–19 December.
Cupboards of calm
Transform the inside of your humble storage spaces with Resene paint and you’ll be happy to delve into them in future.
Get our quick tips to transform your storage spaces.
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