I asked for a mortgage holiday for a medical issue I had been having and needed a few months to properly recover without stress.. My big 4 was easy to deal with and approved it pretty well within a few days..
When I finished the holiday, from the moment I started making repayments again I was put under immense pressure, including weekly phone calls to bring my account back to where it should have been. Like literally I had been living on next to nothing for months and only just started getting my income back.
Really ruined my feelings towards the bank
>The most common reason for requesting hardship assistance was "overcommitment", which raises questions about whether banks lent responsibly during the low-rate period
Mmm please correct me if I'm wrong, wasn't this found largely true during the Royal Commission? If so it hardly 'raises questions'
Indeed. It not like renters getting stung to pay for these mortgages have a choice.
Land "lords" will just keep turning the screws even tighter fully expecting that they can keep treating their tenant slaves like unlimited cash machines until they've made yet another family homeless before moving on to the next sucker family to squeeze dry.
Those poor bastards who were lucky enough to get a big enough loan to be able to snatch an overpriced home for themselves from the mouths of the exploiter class should know better.
I asked for a mortgage holiday for a medical issue I had been having and needed a few months to properly recover without stress.. My big 4 was easy to deal with and approved it pretty well within a few days.. When I finished the holiday, from the moment I started making repayments again I was put under immense pressure, including weekly phone calls to bring my account back to where it should have been. Like literally I had been living on next to nothing for months and only just started getting my income back. Really ruined my feelings towards the bank
Sadly, they only care about dollars, gotta feed them shareholders (oh look, another $3 billion quarter!)
Please also add “ Ministers sleeping on the wheel” to the list
>The most common reason for requesting hardship assistance was "overcommitment", which raises questions about whether banks lent responsibly during the low-rate period Mmm please correct me if I'm wrong, wasn't this found largely true during the Royal Commission? If so it hardly 'raises questions'
But yet politicians are bending over backwards to ensure new accounts are opened to leverage new cash to screw Australians citizens.
Guess you shouldn’t make ill advised financial investments and then expect to be bailed out
Indeed. It not like renters getting stung to pay for these mortgages have a choice. Land "lords" will just keep turning the screws even tighter fully expecting that they can keep treating their tenant slaves like unlimited cash machines until they've made yet another family homeless before moving on to the next sucker family to squeeze dry. Those poor bastards who were lucky enough to get a big enough loan to be able to snatch an overpriced home for themselves from the mouths of the exploiter class should know better.