I got this pamphlet in the mail from a company called Global MoneyLine that advertises loans for any occasion. It made me a bit suspicious about the kind of lending that they actually do. There is a phone number for people to call, the lenders come to your house, the loans are specified as fast easy approvals for all income earners. It comes with no terms or conditions listed on the pamphlet, and I couldn't find any information on the net. I feel sorry for the kinds of people who get taken in by these kinds of loans. I'm considering emailing the address to see what comes back. Post the reply if I get one...
I'm nearly finished school for the year! One more week, no more classes, tidying up the final loose ends. I'm off to the big playground and the pool tomorrow with the year 7 and 8s. Then I have a few days to write some new sheets and do some reading on different topics. I'm looking forward to getting the new timetable and putting things in place for next year. I'll be happy with a holiday, but I have passion to start again soon with new students. I have a few P.D books to read tonight and a few videos on my laptop.
I ran 4ks on the treadmill yesterday!
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Leona, I am the compliance manager at Global MoneyLine and am pleased to see that the pamphlet deliveries have been made.
I should comment on what you say in your blog. The reason why the pamphlet does not come with terms and conditions is that the governemnt regulations require a significant amount of information to be published if items like interest rates or payments are referred to. Take a look at Part 9A of the Consumer Credit Code, and Part 8A of the Consumer Credit Regulations. Both are available free from http://www.legislation.qld.gov.au/Acts_SLs/Acts_SL_C.htm. The rules run to a total of about 17 pages. We just can't fit it all on the one page.
I can see your concern about "the kind of lending they actually do". For some explanation of "the type of lending" done go to NFSF.org.au, or if you want contact me at john.brady@globalmoneyline.com.au.
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