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21/10/19
08:39
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Originally posted by mitzi:
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Excerpt from Interest.co.nz today;
US corporate earnings flat; Japan eyes deeper negative rates; China growth slows; Brexit shambles continues; AU banks shun clients with AfterPay; UST 10yr yield at 1.75%; oil and gold little-changed; NZ$1 = 63.9 USc; TWI-5 = 68.7
In Australia, it is becoming clear that having a buy-now, pay-later account is toxic when applying for a home loan. Apparently banks there see it indicating irresponsible money management and a lack of understanding of credit obligations. Mortgage brokers are reporting credit-quality issues with potential borrowers who have this type of debt.
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close Afterpay account, re open when you got the loan. Do the same thing with credit cards. It isn't hard. Everyone acting like it's some massive life impediment lol