I saw an interesting item on TV recently regarding the plight of a woman who had purchased a car and found out to her horror that she would be paying almost 50 per cent more in total when her finance agreement finalised.
The programme was about how could the finance company be so irresponsible in giving this woman such a loan when she already had a bad credit rating?
My question is, if she already had a bad credit rating why did she buy a $49,000 new car in the first place? Surely the responsibility lies primarily with the woman, not the finance company?
Mike Loakman, Tauranga City.