Cash Relief is a responsible lender.
Payday loan facilities are not fully regulated in New Zealand. Cash Relief welcomes
any regulations which serve to protect you as the consumer and ensures that the
more unscrupulous providers can’t take advantage of people in need.
For example you will sometimes hear stories about people borrowing $300 and repaying
$3000. It is our view that this is unfair.
A short term payday loan facility should be treated as such by lenders and borrowers.
If a borrower needs larger amounts over longer periods, then a short term loan isn’t
the way to go.
Look at borrowing like a journey:
If you needed to travel from Auckland to Wellington, would you catch a taxi? No,
because it’s not cost effective. On the other hand, would you catch a flight to
Wellington and back when you just needed to be dropped off at the Eden Park?
Of course not!
It is our view that a payday loan is the right product for you only if you need
a short term cash injection – a short trip, whereas a bank loan would be the way
to go if you needed to consolidate your borrowing – the long trip.
Accordingly, Cash Relief’s unique approach to providing short term cash advances
will be suitable for you where you need money at short notice over a short period
of time, to enable you to meet, say, those unexpected bills.
Under Cash Relief, a borrower, once pre-approved, will be eligible for a Cash Relief
payday loan facility – that’s a year’s worth of payday cash advances. However, in
order to make sure the payday loan facility is the right kind of borrowing for both
Cash Relief and yourself, when you first join, you will only be able to access a
specific amount, being the amount you need when you apply.
This means you only use Cash Relief to meet short term needs and have the opportunity
to develop a good relationship with us. After all, as responsible lenders, its our
job to make sure we have a good relationship with you.
So, when you borrow with Cash Relief, you can sleep easy with the knowledge that
we’re legal, we’re responsible and we’re providing the right product for your immediate
short term cash flow needs. Also, all our charges our fixed, meaning there’s no
hidden extras and you know what you need to pay and when, every time.