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January presents Ferratum with business opportunities

January presents Ferratum with business opportunities

Despite all best intentions, some New Zealanders are entering 2012 with a financial hangover that can best be met by seeking small short-term loans says Ferratum New Zealand.

“With the latest Paymark figures released yesterday showing Kiwis splashing out in December with discretionary spending increasing, unfortunately some will be a bit short of funds in January, says Richard Yoon, Ferratum New Zealand’s Director and Country Manager.

“New Zealanders should feel confident that there are responsible cash and payday loan lenders available to them to tie them over until they receive their pay-checks, and that was why Ferratum established a business in New Zealand.”

Mr Yoon says “For too long Kiwis have had been taken for a ride by existing small 3rd tier lending providers, who charge exorbitant interest rates and hide in the shadow.”

“We fully disclose all the terms and conditions that are not only pursuant to New Zealand law but also to even higher European standards, even before our customers apply for our loan products. We hope other 3rd tier lenders follow the open and transparent disclosures that we have put in place, which we believe now are market leading,” said Mr Yoon.

“The business growth experienced in New Zealand by Ferratum provides confidence that its business model of providing fast and confidential micro-loans based on an ethical and responsible approach to lending is restoring confidence to consumers seeking small short-term loans,” said Mr Yoon.


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