EP: 2192
Loan Sharks How They’re Preying on Kiwis⎥Ep. 2192
Loan sharks are still operating in New Zealand – charging desperate families up to 800% interest for small loans to cover basics like food, rent, and power bills.
In this episode, Ed and Andrew sit down with Vijay Farley-Naiker from Ngā Tāngata Microfinance to expose the tactics these lenders use, and what support is available for those trapped in debt.
You’ll learn:
-How loan sharks lure people in with “cash now, no checks” promises – and why it’s a trap
-The shocking interest rates and hidden fees borrowers actually face
-What support services exist to help Kiwis break free from the cycle of debt
This episode shines a light on a hidden issue affecting thousands of households across Auckland and beyond.
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