penecilin, when the fixed rate stops, and they are hit with a 20-30% increase many wont be able to do it...
Sector lead... if you investigate how banks account for loans etc... once they are in default and need a sale..it comes off the loan book into a loss area...and any money realized on that sale gets added back to the loss area... Banks are reluctant to put anyone in arrears in default as if you knew the true amount..the banks would not be sitting at their lofty levels... its no different to the smoke and mirrors of unemployment rates... if you work 1 hr you are not unemployed...
