Amazines Free Article Archive
www.amazines.com - Wednesday, November 21, 2018
Read about the most recent changes and happenings at Amazines.com
Log into your account or register as a new author. Start submitting your articles right now!
Search our database for articles.
Subscribe to receive articles emailed straight to your email account. You may choose multiple categories.
View our newest articles submitted by our authors.
View our most top rated articles rated by our visitors.
* Please note that this is NOT the ARTICLE manager
Add a new EZINE, or manage your EZINE submission.
Add fresh, free web content to your site such as newest articles, web tools, and quotes with a single piece of code!
Home What's New? Submit/Manage Articles Latest Posts Top Rated Article Search
Google
Subscriptions Manage Ezines
CATEGORIES
 Article Archive
 Advertising (133268)
 Advice (160764)
 Affiliate Programs (34733)
 Art and Culture (73639)
 Automotive (145524)
 Blogs (75003)
 Boating (9841)
 Books (17129)
 Buddhism (4122)
 Business (1328012)
 Business News (426289)
 Business Opportunities (366242)
 Camping (10948)
 Career (72748)
 Christianity (15835)
 Collecting (11636)
 Communication (115048)
 Computers (241936)
 Construction (38968)
 Consumer (49642)
 Cooking (17058)
 Copywriting (6567)
 Crafts (18210)
 Cuisine (7535)
 Current Affairs (20371)
 Dating (45769)
 EBooks (19684)
 E-Commerce (48190)
 Education (185110)
 Electronics (83430)
 Email (6389)
 Entertainment (159782)
 Environment (28928)
 Ezine (3038)
 Ezine Publishing (5443)
 Ezine Sites (1552)
 Family & Parenting (110877)
 Fashion & Cosmetics (196377)
 Female Entrepreneurs (11840)
 Feng Shui (130)
 Finance & Investment (310214)
 Fitness (105795)
 Food & Beverages (62819)
 Free Web Resources (7936)
 Gambling (30211)
 Gardening (25061)
 Government (10515)
 Health (629008)
 Hinduism (2156)
 Hobbies (44026)
 Home Business (91542)
 Home Improvement (251220)
 Home Repair (46094)
 Humor (4802)
 Import - Export (5443)
 Insurance (45088)
 Interior Design (29541)
 International Property (3485)
 Internet (190954)
 Internet Marketing (146278)
 Investment (22822)
 Islam (1168)
 Judaism (1357)
 Law (80449)
 Link Popularity (4592)
 Manufacturing (20798)
 Marketing (98725)
 MLM (14136)
 Motivation (18209)
 Music (26996)
 New to the Internet (9475)
 Non-Profit Organizations (4048)
 Online Shopping (129604)
 Organizing (7796)
 Party Ideas (11854)
 Pets (38084)
 Poetry (2234)
 Press Release (12667)
 Public Speaking (5620)
 Publishing (7522)
 Quotes (2407)
 Real Estate (126601)
 Recreation & Leisure (95236)
 Relationships (87426)
 Research (16152)
 Sales (80293)
 Science & Technology (110123)
 Search Engines (23445)
 Self Improvement (153065)
 Seniors (6221)
 Sexuality (35933)
 Small Business (49274)
 Software (82916)
 Spiritual (23449)
 Sports (116456)
 Tax (7657)
 Telecommuting (34074)
 Travel & Tourism (306855)
 UK Property Investment (3117)
 Video Games (13420)
 Web Traffic (11723)
 Website Design (56778)
 Website Promotion (36555)
 World News (1000+)
 Writing (35755)
Author Spotlight
ALFRED MEARS

Former English Teacher; Musician (20+ years); Freelance Writer ...more
GLORIA PHILIPS

I am Digital Marketing Professional with over 5 years experience. I always love to learn new things ...more
MILECIA MCG

Hey there. I've been programming in some way, shape, or form for the past decade. My background is i...more
BOBBY AUSTIN

I am a professional personal documents writer specializing in personal statements, statements of pur...more
ADRIAN JOELE

I have been involved in nutrition and weight management for over 12 years and I like to share my kn...more


On Debt Collection: Consumers Recapturing Control of Personal Debt by Lemuel Asibal





On Debt Collection: Consumers Recapturing Control of Personal Debt by
Article Posted: 01/11/2012
Article Views: 84
Articles Written: 42
Word Count: 505
Article Votes: 0
AddThis Social Bookmark Button

On Debt Collection: Consumers Recapturing Control of Personal Debt


 
Finance & Investment

New Zealand in recent years has seen a massive growth in the levels of personal debt.

Thanks to the increase in debt collection corresponding to a strengthening of the housing market, it does not keep money from idling around. Prominent debt collectors this research and shown that since 1993, debt levels were just at $400 billion level and have increased to a whooping $114 Billion. That's a rate of 10% or $100 billion increase in just one year!

The Bank of New Zealand has seen increases in mortgage approval figures, as well as the number of prospective buyers making inquiries. They have estimated an increase in the first annual rise in activity since 2002, after years of decline in 2011. However, internationally known debt collectors are more cautious in predicting 3% of NZ residential growth for 2012, while chief economist for the debt collection, Martin Ellis, explained "Another year of below trend economic growth and the continuing high level of house prices in relation to earnings... "Should housing demand and prevent a renewed bout of high house price increases in 2012", pleasing news for the many first time buyers who are struggling to get onto the first rung of the property ladder.

Consumer unsecured lending over the past year has increased by 9%, which is less than the rate of secured loans. According to Bank of New Zealand, this represents a slight drop in monthly spending levels from October to November. Growing fears about abilities to repay the debts are seen to have been a major problem in most agencies. According to some debt collectors, three in four New Zealanders worry about financial pressures during the festive season with 20% still paying off the debts accrued over Christmas six months later

BNZ has however indicated that overall average consumer lending through credit cards institutions has increased to $4,000 per NZ adult by the end of November 2012. The average NZ household debt was approximately $7,700, mortgages not included, and $46,400, mortgages included, with the average sum owed by each NZ adult at approximately $24,600 each with each loans secured.

Methods of payments in establishments has also seen changes, with debit cards now overtaking credit cards as the most favored card method to account for all payments. The switch to debit cards means that shoppers have discipline on their shopping spree without piling up greater debts from debt collectors. There is still more to be done to reduce unnecessary expenses however, with the average credit card APR at 15%. This is about 11% higher than the expected rate, and much higher than other cards shown from a well-known financial comparison site.

Following on from a history of increasing rates in NZ, with the period from July to September being the worst on record, the recent figures make for welcoming in debt collection. However, the current trend seems to develop towards a more disciplined personal debt from both lenders and borrowers, there is still improvements that need to accomplish in keeping money from idling.

Related Articles - debt collection, debt collectors,

Email this Article to a Friend!

Receive Articles like this one direct to your email box!
Subscribe for free today!

 Rate This Article  
Completely useless, should be removed from directory.
Minimal useful information.
Decent and informative.
Great article, very informative and helpful.
A 'Must Read'.

 

Do you Agree or Disagree? Have a Comment? POST IT!

 Reader Opinions 
Submit your comments and they will be posted here.
Make this comment or to the Author only:
Name:
Email:
*Your email will NOT be posted. This is for administrative purposes only.
Comments: *Your Comments WILL be posted to the AUTHOR ONLY if you select PRIVATE and to this PUBLIC PAGE if you select PUBLIC, so write accordingly.
 
Please enter the code in the image:



 Author Login 
LOGIN
Register for Author Account

 

Advertiser Login

 

ADVERTISE HERE NOW!
   Limited Time $60 Offer!
   90  Days-1.5 Million Views  

 

Great Paranormal Romance

World News


GENE MYERS

Author of four books and two screenplays; frequent magazine contributor. I have four other books "in...more
STEPHEN BYE

Steve Bye is currently a fiction writer, who published his first novel, ‘Looking Forward Through The...more
LAURA JEEVES

At LeadGenerators, we specialise in content-led Online Marketing Strategies for our clients in the t...more
SUSAN FRIESEN

Susan Friesen, founder of the award-winning web development and digital marketing firm eVision Media...more
JAVIER VBOIX

For the time being just a newbie in the Insurance Industry but a quick learner, soon-to-be expert Ja...more
SANDY FISCHEL

Sandy Fischel is the marketing director at And Above All YOGA, a wholly owned division of The Fische...more
MICHAEL BRESCIANI

Rev Bresciani is the author of two Christian books. One book is an important and concisely written b...more
CHRISTOPHER EVANS

Christopher is based in the U.K. and is the author and founder of Critical Eye. ...more
STEVERT MCKENZIE

Stevert Mckenzie, Travel Enthusiast. ...more
MICHAEL MIFSUD

Michael Mifsud was a House of Commons Commonwealth correspondent at the age of 16. He published Brit...more

HomeLinksAbout UsContact UsTerms of UsePrivacy PolicyFAQResources
Copyright © 2018, All rights reserved.
Some pages may contain portions of text relating to certain topics obtained from wikipedia.org under the GNU FDL license