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Couple suing Westpac for letting them borrow too much money, page-2

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25,107 Posts.

72

21/02/19

17:23

Post #: 37520422
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Originally posted by Digglet: ↑

https://www.news.com.au/finance/business/banking/it-is-worse-than-being-back-to-square-one-westpac-hit-with-class-action-over-irresponsible-lending/news-story/6b3d4058db96c442c05ae0e2112f32c6

Single income couple borrow $1.8M across 5 properties but now can't pay the loan off, so they're suing Westpac for "irresponsible lending". I guess the bank held a gun to their heads and made them buy 5 properties they couldn't afford.

"They said the bank grossly underestimated their expenditure"

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I think that is called greed.
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