Who judges the risk of a loan in hindsight? Who changes the...

  1. 7,180 Posts.
    Who judges the risk of a loan in hindsight?

    Who changes the topic? Like i said cut the crap im still on topic.

    How high do you think unemployment will go? If prices fall 20% in Sydney and unemployment goes to 10% the remaining 90% of the workforce will still have a job. If you are unemployed at a 7% unemployment rate you would unlikely get a loan anyway, the same if you were unemployed when the economy is booming. What the hell are you yalking about. When you apply for a loan the bank assesses your current income and savings history.
 
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