Debt can be a source of stress for many people and their families.
Worrying about money can strain relationships, lead to violence, substance abuse, and lead to mental illness. People may also be tempted to gamble or turn to crime to pay back debt.
Debt blocker is a way that people can tell all companies in New Zealand that they don’t want to be given credit.
They go onto a secure list, that can be searched by a lender if they apply for credit. No other people can search the lsit for any other reason.
This will be useful for people:
Lending companies pay a small fee to search the list as part of a credit application, and profits from Debt Blocker will go back into the community to help people learn how to avoid debt.