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RBA announcement is nonsense, page-24

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Tony barber

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18/10/19

15:47

Post #: 40956566
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Originally posted by Andredamus1 ↑

This is something that has been stated by Afterpay management in a number of interviews I have seen. The written information is more ambiguous on this point (they reserve the right to report negative activity on your account to credit rating bureaus). You could certainly argue that it would be more than fair for Afterpay to report defaulters.

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I have never, ever, seen APT list a default.
Any idea what it costs to do that?

In fact, when calculating someones serviceability for finance any outstanding afterpay accounts are completely ignored by every lender.

Sure, it will come into play re; your expenditure, but the outstanding 'debt' is never, ever used or asked.

APT Price at posting: $29.75 Sentiment: Hold Disclosure: Held
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