Teresa Fesuiai

Cry Baby of the Week

Cry Baby:?Teresa Fesuiai and her husband

Photo: KENT BLECHYNDEN/Fairfax NZ

Photo: KENT BLECHYNDEN/Fairfax NZ

The incident: In 2003?Teresa Fesuiai and her husband borrowed $819 for pay for some new car tyres. They then went back to the lender and borrowed more money…six more times to pay for?for family events, gifts and other expenses.

They then consolidate their lending with a loan of $18,639 to settle the existing total and a $1000 cash advance.

The Fesuiais make regular payments until March 2007, and manage to pay off $23,000. And then they stop paying.

They are then pursued by debt collectors, lose a court case and have to pay costs associated with the collection efforts. They are now facing losing their house to settle the debts. ? Read more »