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Interesting. Do lenders check the NPII as well as credit histories?

If you equate going into business with "gambling", I suppose. What's your point? :confused: Property investing is risky, too, and we both own property. smileyface didn't have $320K in the bank, which he owed to the ATO, then decide to use the $320K for a business instead of paying the ATO...

Then you should read what coastymike wrote, and get out more!

I do see how people could get into debt which they are unable to repay, and that in many instances, it is even be beyond their control or not due to any excessive risk-taking or negligence on their part. :( Upon further reflection, I agree with those who say that credit providers go into...

How is paying back a debt that you agreed to re-pay a donation? :confused: (Though I'd love to see the money going to starving Africans.) If he's deliberately reducing the value of an asset which the creditors have a claim against, of course it's their business. Such behaviour is outrageous...