OK, So i borrow $1000 via APT, reneg on a payment, late fees...

OK, So i borrow $1000 via APT, reneg on a payment, late fees capped to $68 and I am cut off from foreseeable future purchases using APT.

What if I put it on my Mastercard? $1000, dont make the payment or only the minimum payment, interest charged monthly plus the late fee
$1000 x 19.87% = $16.5 monthly, minimum repayment is $20 plus a late fee ranging from 7 - 35 (correct me if I am wrong with the monthly fee here)
And the bank will still let you make more purchases until they think you have had enough but that is usually well after the point where you owe them mega dollars...

Why was the RBA looking into our company again????

Happy to be corrected.

cheers

Pete