Financial mentoring report demands immediate action on New Zealand’s spiralling debts
The Green Party commits to regulating debt collection and banning attachment orders against beneficiaries, following FinCap’s finding that their clients’ debt has surged to almost a billion dollars.“Families are increasingly under pressure from the rising cost of living and the growing burden of difficult debt. Poorly regulated debt collectors are deepening the crisis for too many families,” says Green Party Social Development spokesperson Ricardo Menéndez March. “An attachment order mandates the Ministry of Social Development to deduct up to 40%...