Things you need to know before you borrow $$...
Hey neighbours, are you thinking of borrowing money by taking out a loan?
Before you do - there's a few things you really need to know about. Take a minute and read the tips below to ensure you're asking the right questions and getting the best loan for you.
1. Shop around! Interest rates, fees and terms must be made available to you by the lender. Make sure you compare details and make an informed decision about what loan is best for you.
2. Choose a lender. Did you know that when you borrow money to buy something, you don’t have to borrow from the same person who is selling the goods?
3. Understand. Whoever is loaning you the money must ask questions to make sure you can afford the loan. They also need to help you understand the key terms of the loan.
4. Be prepared. You'll need to provide your lender with information to show that you can afford to repay the loan. This might include proof of income and expenses so make sure you have it ready.
Don't get on Auntie's bad side and do your research! You can find more information here.
Your friends at Neighbourly
Poll: How are you feeling about the role of AI in business and everyday life? 🤖💻
The Post reports that nearly two-thirds of business leaders are feeling optimistic about 2026 ... with much of that confidence driven by the rollout of AI.
We want to know: How are you feeling about the growing role of AI in business and everyday life?
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6.7% Excited
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71.4% Cautious
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21.9% Somewhere in between
Scam Alert: Fake information regarding December Bonuses from MSD
The Ministry of Social Development is reporting that fake information is circulating about new ‘December bonuses’ or ‘benefit increases’
If you get suspicious communication, please contact Netsafe.
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