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Why are you asking questions about my bank accounts?
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Q: Why are you asking questions about my bank accounts? |
A: The Government is very keen to ensure that everyone in the country has a bank account. By finding out how many of our tenants do and don’t have accounts, allows us to see if it is necessary for us to contact financial organisations to provide options to tenants interested in opening their own bank accounts suited to their needs.
There is also a question about doorstep lenders (people who come to your home offering loans to those who may have difficulty getting credit elsewhere). Generally doorstep lenders offer loans with excessively high interest rates, which means that although it may appear as if you are getting a good deal, in the long run it may prove very expensive. If it is seen that lots of our tenants have taken up loans from doorstep lenders, it may be an option for the Association to partner with another company to provide a safer alternative which doesn’t hit you, the tenant, in the pocket so hard!
There is also a question about doorstep lenders (people who come to your home offering loans to those who may have difficulty getting credit elsewhere). Generally doorstep lenders offer loans with excessively high interest rates, which means that although it may appear as if you are getting a good deal, in the long run it may prove very expensive. If it is seen that lots of our tenants have taken up loans from doorstep lenders, it may be an option for the Association to partner with another company to provide a safer alternative which doesn’t hit you, the tenant, in the pocket so hard!
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