https://www.theguardian.com/australia-news/article/2024/may/20/australia-mortage-loan-applications-lenders-support?CMP=Share_AndroidApp_Other

The only obligations banks will meet will be to unswervingly maximise their profits.

Mortgage stress is the result of basic banking strategy.

The less likely you are to repay a loan the harder a bank will make it for you to repay.

#auspol

#mortgagestress

Australian home lenders accused of ignoring mortgage customers in financial distress

Some borrowers have been abandoned in a cost-of-living crisis and lenders must meet their obligations, the regulator says

The Guardian
@Spoon They do the same with credit cards - if they see you as a risk of default - they increase the risk by raising your interest rate. Smart eh?

@gpnaturephotos

Seems to work though.

It's the reverse Robin Hood.