4J Enterprise Ltd controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2026
Christchurch lender 4J Enterprise Ltd fined $15,000 for unregistered consumer lending
Fine or penalty
4J Enterprise Ltd, a Christchurch lender, was fined $15,000 for providing consumer credit without being registered. The company had pleaded guilty in June to a representative charge under section 11 of the Financial Service Providers (Registration and Dispute Resolution) Act 2008. It issued 46 new loans totalling $81,110 to 27 borrowers and collected about $65,000 in interest over 18 months while unregistered; while it said it charged a 33% annual interest rate, its records show some borrowers were charged up to 55.61%. Director Hope Suan and senior manager Juvy Suan, who pleaded guilty as parties to the company's offending, were sentenced in the Christchurch District Court to 140 and 150 hours of community work respectively.
Source excerpt
While 4J said it charged an annual interest rate of 33%, its records show some borrowers were charged up to 55.61%.
4J Enterprise Ltd (4J) issued 46 new loans totalling $81,110 to 27 borrowers and collected about $65,000 in interest on 50 new and existing loans over 18 months despite being unregistered.
4J pleaded guilty in June to a representative charge under section 11 of the Financial Service Providers (Registration and Dispute Resolution) Act 2008.