It dose make you wonder. Everybody seems to go out buy the biggest house they can find 2 new cars and all the latest and greatest gismos around put it all on credit. And then when they realize how over extended they are they go on the 6 oclock news and blame everyone else.
As we all know when someone cant service a their debt that debt still needs to be paid. And now with everyone caring around a pocket full of plastic and the banks almost making cash absolute then of course the debt will get bigger. Then to top it of the RBA push up interest rates making sure more people cant service there dept. And the catch 22 is when times are good people spend more money.
Anyway who’s to blame the banks, I dont think so because if the banks say no motor finance wizard said yes and my personal favorite is, RAMS we,ll save you (hahaha).
I think the number one key to solving this problem is education
It dose make you wonder. Everybody seems to go out buy the...
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