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Complaints And Concerns
MoneyShop Group Limited Complaints Procedure
Complaints and Concerns
MoneyShop endeavours to always look after its customers. However, from time to time, problems can occur. In the first instance, the Borrower or the Guarantor should talk to the staff member in the branch or ask to speak with the branch or collections manager. The majority of problems can usually be sorted out in this manner.
If the problem is more serious or the Borrower or the Guarantor are not satisfied with the response, notification should be made in writing to:
The Compliance Manager
MoneyShop Group Limited
PO Box 76566
Manukau City 2241
MoneyShop’s internal complaints policy sets out time frames for a response to your complaint, who will respond and how your complaint will be handled. For a more detailed explanation please contact the Compliance Manager.
Though MoneyShop will do its utmost to resolve any problem, if the parties are not satisfied and a deadlock is reached, then the Borrower and Guarantor can contact Financial Services Complaints Limited (FSCL), the external dispute resolution scheme for our industry. This independent body is approved by the Ministry of Consumer Affairs. Complaints to FSCL need to meet certain criteria. Their website is www.fscl.org.nz.
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The APR for an average loan of $3200 over 18 months with an interest rate of 29.95% (which includes all setup fees, our Payment Protection Plan and third party charges) is 36.5%. These charges are variable and dependent upon the amount, term of loan and costs incurred. Example 1 – Representative example of a secured loan where the amount borrowed is $3000: Interest Rate is 29.95%, If the repayment time is 103 weeks then installments would be due weekly at $50 with a final payment of $23.80. Example 2 – Representative example of an unsecured loan where the amount borrowed is $1500: Interest Rate is 29.95%, If the repayment time is 63 weeks then installments would be due weekly at $40 with a final payment of $8.81. Maximum APR 42% | Minimum Repayment Time 3 Months | Maximum Repayment Time 3 Years