’My bank raised loan repayments without notice’

A bank has been accused of failing to notify a business owner before transitioning their interest-only loan to principal and interest. But My Business can reveal that in certain circumstances, banks are not required to issue such a warning.

by | 18 Dec, 2018

Interest-only borrowers brace for mortgage crunch

Commenting on a story about 5,000 accountants owing money to the ATO, the anonymous reader outlined how they were already in a difficult situation before being hit with an unexpected hike in their mortgage payments.

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