Quote Originally Posted by Colgar View Post
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Harmoney is the closest you'll find to consumer finance and I agree with you, caution is needed, because these borrowers are near the bottom rung - the interest rates border on usury.
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Back when inflation was high, the interest rates the Big Banks were charging on credit cards were high too, and depositors too were receiving high interest on their savings. Is usury dependent on the time and economic and fiscal conditions? Some regard the charging of any interest as usury, as always it depends on where your moral (and/or religious) code draws the line. There are plenty of investment opportunities on the NZX which would be (morally) objectionable to some people.