COVID-19 helpful information
How we can help SUPPORT you during this time
and where to find the RIGHT ADVICE for your situation.
Like many New Zealand businesses, The Lending Room is adapting quickly as the impact of COVID-19 continues to affect the country. While ensuring the on-going good health and wellness of our loved ones is on top priority right now, money is still high on our list of concerns.
Around 70% of New Zealanders have had their income affected since the Covid-19 pandemic hit the country which means time to conserve money for a lot of families. Most of us will be saving money by default during the 4-week lockdown period, as eating out and shopping trips are firmly off the list of expenditure!
The Lending Room can help you with a personal loan or debt consolidation loan to help you manage your debts and expenses during this difficult time but there are many things you can do to help your budget.
Tips to help your budget
If your income has been significantly affected, Forbes has some excellent suggestions for retooling your budget to help you weather the effects of the Covid-19 pandemic. This includes looking at the ‘nice to have’ things we spend money on each month to see where you can save
One of our favourite websites sorted.org.nz has a great budgeting tool that you can share with your family and get everyone on the same page with your finances. If you’re feeling a bit overwhelmed with the thought of having to change up your budget, check out this article from Sorted: COVID-19 and your money: 7 things to do right now to help you feel more prepared for the future and consider all your options before taking on more debt.
If you decide a loan is not the right choice for you but you have concerns about making ends meet or just want some financial advice, jump onto moneytalks.co.nz and find someone who can help you gain control of your money.
If you want to find more information about what the government is doing to help New Zealanders during this time or have any questions regarding the Covid-19 pandemic please visit https://covid19.govt.nz/ for regular updates.
PROTECT YOUR SCORE
Make sure you maintain your Credit Score during the Covid-19 pandemic by keeping up to date with all your payments, if you think you’re at risk of defaulting or paying late make sure you communicate with your providers and lenders, this is the best way to ensure you keep your credit score intact.
The Lending Room offers a complete online loan solution from application to payout so we will not require you to visit our office as we do not require face to face meetings with our customers in most cases. The Lending Room is here to help you with your financial needs, get in touch today to see how we can help you too.
How we helped Anna save with a debt consolidation