David is back to teach us about exploitative car loans, and one lender who is now being prosecuted by the Commerce Commission. We can all learn what to look out for when taking on debt.

We also discuss how KiwiSaver hardship applications are also on the rise, with more people turning to their retirement savings to manage debt, cover legal costs, or cope with reduced income. We discuss the limitations of this approach, how it often leaves broader financial issues unresolved, and the thing David sees that that upsets him the most.

We also again highlight the importance of free, confidential, and non-judgmental budget services like MoneyTalks, available to everyone in NZ.

I have a goal to help 100,000 Kiwis improve their financial literacy. Generate KiwiSaver Scheme has sponsored Keep The Change to help me reach more people and make this a reality. Cheers Generate. Head to generatekiwisaver.co.nz/change to find out more..

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KiwiSaver Hardship Rising & Car Loan Carnage w David Verry (Financial Mentor)