by using this website you accept the [TERMS OF USE]

Debt Blog?

Some of the interesting comments and feedback we have received relating to debt, insolvency, and the organisations that debtors deal with on a daily basis.
Note: the following comments are not necessarily opinions shared by the team at NZ DEBT.NET


Got something to say?, post it on our 'feedback form'
We will not post your name, unless you want us to

Statute Barred Collector

08/05/2017

Demand to pay! A collector turned up to my door, demanding money for a debt which seemed to be very old. I queried the collector,and he started to threaten me with court action unless the debt was paid within 7 days. Upon enquiry, the debt was over 6 years old, and the collector was trying to re-initiate this debt although legal advice has said that the debt is statute barred.. How can this happen.

Anon

----------------------------------------------------------------------------------------


Still Raping Me

15/09/2016

WHY? Why is it that there is no legislation surrounding debt collection, perhaps this might help stop them ripping me off with not just debt collection fees but restrain them from charging me interest as well. I say a post from last year, and still nothing has been done. Little wonder then that people are having to resort to living in cars. Welcome to NZ, Fuck you if you are poor!!

Anon

----------------------------------------------------------------------------------------


ACC Arrangemt - Or bullying tactic

18/11/2015

Direct Debit or nothing? Although you pay an additional levy for the privelage, ACC refuse to allow debtors to have an arrangement which is 10 months, unless you sign a direct debit authority. This sounds like blackmail to me... or is it coercion... you be the judge.

Anon

----------------------------------------------------------------------------------------


Insult to Injury

15/09/2015

WHY? A debt collector is saying, unless I provide my bank statements, wage slip and other documents they will not put an agreement in place even though I am paying them over $150.00 per month, that is hard enough. I don't have an agreement with them, they have no reason to blackmail me into providing them a picture of my entire life. and If I don't provide them, they say they will keep calling and sending (what I would call) abusive letters When will this stop? Oh, btw the collector is charging not just debt collection fees, they are also charging interest at over 20%!

Anon

----------------------------------------------------------------------------------------


What Hardship

05/05/2015

Westpac today approved a financial hardship application for me. They have stretched out my loan (which is due to end in 2 years) for another 6 years. The interest rate is the same, so in my financial difficulties, I will be paying another 10,000 in interest. thanks for nothing Westpac!

Anon

----------------------------------------------------------------------------------------


Caller ID Blocked

23/01/2014

If these banks really wanted to contact me, they would not me on phone me on a caller ID blocked number. Why don't these organisations act in a professional manner? Surely if they really wanted me to answer they would let me know who was calling.

Anon

----------------------------------------------------------------------------------------


Blackmail?

04/07/2014

I spoke to a debt collector today who stated 'unless you provide copies of bank statements to us we will not enter into an arrangement, and collection action will continue'. How is this not considered blackmail? Where is their legal right to demand bank statements?

Anon

----------------------------------------------------------------------------------------


Interest on Fees on Fees

20/06/2014

Finance Company X- (name withheld) sent me a letter due to a late payment, and due to the payment being late they charged me a late payment fee and then charged me $10.00 for the privelage of sending this letter. I am not saying that I dont deserve some form of penalty, but this is on top of the penalty interest that they charge me as well. When will it be not legally possible for these ripoff artists to 'triple dip' their charges!!.

Anon

----------------------------------------------------------------------------------------


Insult to Injury

05/02/2014

Due to a medical issue I had a while ago, I could not work for about 6 months and the sickenss benefit was not enough to cover my bills let alone my repayments to a card I had. The account was sent to a large collection company who added about 30% as a collection cost, and then advised that I had to pay default interest on the debt as well, amounting to over 35%. Its not fair that the company can write the card off, and still treat it as a current credit account. To the company concerned, you are a pack of bastards.

Anon

----------------------------------------------------------------------------------------


not fair

05/02/2014

I am working through an application for hardship with GE, due to money problems. I am putting a debt arrangement in place, and while I am doing this they have defaulted me because I am 90 Days behind. It seems to me that it is far too easy for a finance company to ruin someone's life. nowdays, you need to have clear credit to rent a flat, get the power on, get a job and many other things.

Mother - Auckland

----------------------------------------------------------------------------------------


GE Money

23/01/2014

My GE Money Loan completion date passed the other day. although I had financial assistance (capitalisation of arrears) earlier a number of years ago, the balance outstanding at completion was over $6000.00. When I asked what the outstanding amount was, it was $2,000 in loan payments, $1,000 in late payment charges, and over 3,000 in interest. i was told that (even though I have kept the loan up to date for the last 3 years, if I didnt pay the $6,000 immediately, they would reposess my car.

Retired FF

----------------------------------------------------------------------------------------


Blackmail

22/01/2014

I was talking to someone today who told me that they were threatened by a debt collector. the Debt collector said, unless the debtor agreed with the terms of the debt collector, they would be taken to court and they would get their property seized and they would be made bankrupt. The person asked me how can the Collector do that? Isnt that considered blackmail as outlined in the Crimes Act 1961 (s237) ??

Anon

----------------------------------------------------------------------------------------


Wepons Huh

17/01/2014

Loan company director alleged to use weapons to extort money out of borrowers who are in financial Difficulty. more here http://nzh.tw/11188151

Anon

----------------------------------------------------------------------------------------


Feed Me

14/11/2013

I was talking to a client today who said 'I dont have breakfast or lunch', 'because I cant afford to pay the growing debt'. I would rather not eat so my kids can.

Anon

----------------------------------------------------------------------------------------


Harrassed

Date Withheld

What more do they (creditors) want, I give them everything I have, I struggle to buy food and pay the bills, and yet thet still ring me up and try to bully me into something I cant afford.

Anon

----------------------------------------------------------------------------------------


Nasty Collector

Date Withheld

The collector threatened me that unless i send them bank statements and agree to what they demand I will keep getting the phone calls, and I will keep getting the 'Legal Action Pending' letters... What Can I do?

Anon

----------------------------------------------------------------------------------------


Give me a break

Date Withheld

I know I am in debt, but that doesnt mean I am a bad person, so why am I being treated like a criminal. I was out of work for 6 months due to redundancy, and now i am back working, and able to pay the debt, what gives debt collectors and places like banks the right to call me at any time of the day and night and threaten me?

Wits end.

----------------------------------------------------------------------------------------




The Links represented here are not recommendations of NZ Debt.net

The writer urges you to use the above information as a starting point to expand your knowledge.