Thanks for choosing Cash Converters, New Zealand’s favourite place to buy, sell and borrow.
All enquiries are important to us. If you have a question or feedback about your experience with Cash Converters, we want to hear it and we are here for you 7 days a week.
Our business hours are 9.00am – 5.30pm, seven days a week (excluding Christmas Day, Good Friday and ANZAC Day public holidays). If you send us an email or leave us a web chat message outside these hours, we will contact you the next business day.
Contact details or address change
We might need to send you statements or other information so please let us know if you change your email address, phone number or home address.
We know things do not always go exactly to plan. If you are experiencing, or expect to experience repayment difficulties please get in touch as soon as you can. The sooner we understand your financial situation, the more we can help you. Most often, we can work out a payment plan that is acceptable to both you and us. We are here to help you.
You may be able to obtain free financial advice, seek legal advice, make a complaint or apply to us for relief based on hardship. Information to help you with these options is available further down this page.
Potential consequences of default
What could happen if you fail to meet your commitments?
When your payment schedule is altered, it changes the total amount you pay. We never charge a higher rate of interest; however, you must continue to pay the usual interest charges on any amounts in default.
A Default Fee of $13.95 may be payable to us if a scheduled repayment is returned unpaid. You must also pay any dishonour fee charged by your bank. A Final Notice Fee of $15.00 may be payable to us if we need to write to you providing notice that your loan is in default and enforcement action may commence.
If your loan is sent to debt collection then you must pay collection fees imposed by our debt collection agent. Interest continues to be applied to your loan after it is sent to debt collection.
If you do not make and maintain a satisfactory payment arrangement with our debt collectors then we may register your details with a credit bureau, which is called a credit default. A credit default will stay on your financial record for 5 years.
You may also be required to pay other expenses we, or a third party we have engaged, reasonably incurs in connection with enforcement of your loan agreement including legal fees and court costs incurred on a full indemnity basis.
If you are unable to reasonably keep up your payments or other obligations because of illness, injury, loss of employment, the end of a relationship, or other reasonable cause, you have a legal right to seek changes to your loan credit agreement and apply to us for a hardship variation.
You will need to supply 2 months of your bank statements and supporting information such as letters from your employer, ACC or WINZ.
You will need to explain the following to us in writing:
- the reason for your repayment difficulties
- how long you may be impacted for
- current or expected changes to your income or expenses
- the amount of repayments that you may be able to afford
- any steps you are taking to address your repayment difficulties
- any other information that may be relevant to support your request for repayment relief
You can request an extension of the term of the contract (which will reduce the amount of each payment due under the contract); or a postponement of the dates on which payments are due under the contract (specify the period for which you want this to apply) or both of the above.
You should make your application for hardship by emailing Personal Finance or alternatively by post to Cash Converters Finance, PO Box 31512, Lower Hutt 5040.
Financial mentoring and budgeting services
Completely free and independent, building financial capability help is available to anyone who wants to manage their money better, create a personal or household budget or achieve a financial goal. For a good start, check out the free tools on sorted.org.nz.
Financial mentors can help you with confidential advice, and talk you through your options for getting on top of debts and covering the essentials. They provide advice to anyone who is struggling with debt, or who wants to plan for the future.
Christians Against Poverty
For free help with debt and money problems you can get help from Christians Against Poverty (CAP).
You can call CAP on 0508 227 111.
Money Talks & Family Services
For face-to-face help with budgeting, debt and money problems you can contact a budgeting service.
Money Talks also provides advice by email, text, live chat and phone 0800 345 123.
Citizens Advice Bureau
If you cannot find one on your own, your local Citizens Advice Bureau (CAB) can help you find a budgeting service.
Our debt collectors
Debtworks New Zealand, 91 Central Park Drive, Henderson, Auckland 0610, New Zealand
Debtworks are a privately owned debt collection company that work on behalf of clients in New Zealand and globally. If they have contacted you, it’s probably to do with a debt you may owe to one of their clients. Debtworks will help you with payment options and may consider a hardship application.
Please call 0800 922 922 or contact them here: https://www.debtworks.co.nz/contact
Illion New Zealand Limited, trading as Milton Graham, Central Park Corporate Centre, 666 Great South Road, Penrose, Auckland 1061, New Zealand
Milton Graham is a market leader in debt collection and a part of the Illion group of companies, which includes New Zealand’s oldest and most respected credit bureau. If they have contacted you, it’s probably to do with a debt you may owe to one of their clients. Milton Graham will help you with payment options and may consider a hardship application.
Please call 0800 733 707 or contact them here: https://www.miltongraham.co.nz/contact-us/
Complaints to us
If you are not satisfied with the service you have received from us you should contact us. We have an internal complaints process and undertake to investigate your concerns promptly, fairly and free of charge. You can contact us to make a complaint here: https://www.cashconverters.co.nz/contact-us/. Provide as much detail as possible, including how and when to contact you.
Upon receipt of your complaint, we will respond acknowledging your complaint within 3 days and then investigate the information provided by you and all other relevant facts. We aim to resolve your complaint as soon as possible; however, a longer timeframe may be required, depending on the nature of the complaint.
In the event of delay, you will be kept fully informed of our revised response time, which will be no longer than 15 business days.
If you are not satisfied by our response you may refer the matter to Financial Services Complaints Limited (“FSCL”) an independent dispute resolution scheme approved by the Ministry of Consumer Affairs. Our membership number is 2003. We have 40 days to respond to your FSCL complaint.
There is no cost to you to use the services of FSCL.
You always have the option to obtain free legal advice and information about consumer rights.
Citizens Advice Bureaus (CAB) provide free, confidential, independent advice and information about consumer rights to anyone. They show people how to access services they need. You can get face-to-face help by visiting your local CAB - no appointment needed. You can contact them at https://www.cab.org.nz/find-a-cab/contact-us/, or calling free on 0800 367 222.
CAB also provides a free service where you can browse information about your rights online.
Another option to source free legal support, information and advice is https://communitylaw.org.nz/.