harvey norman 40 months interest free, page-23

  1. 337 Posts.
    Yak their problem ends up being our problem. For example, with rising interest rates we get more bank mortgage forclosures and this ends up costing all bank punters (not to mention the economy knockon effect).

    So with this deal we could expect greater consumer spending and eventually (40 + months) greater bad debts. Australia needs to curtail its borrowings and this doesn't help.
 
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