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    New credit rules - 5 days late - black mark on credit filecredit file

    Some borrowers will benefit. If banks start rejecting some customers because of black marks, they still want to expand their loan book. So they might change their lending criteria (qualifying rate, living expenses, % of rent) to lend more to borrowers who don't have black marks. Fact is, banks...
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    New credit rules - 5 days late - black mark on credit filecredit file

    Banks are large, impersonal bureaucracies. Each of us are just one of millions of customers. Of course we're just numbers. How else can they handle that much business? Banks have rules that you can learn to navigate and use to your advantage (e.g. borrowing from 'difficult' lenders first to...
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    New credit rules - 5 days late - black mark on credit filecredit file

    Uh, that's why we have buffers? You're not some independent waystation between the rent and the bank. You signed for the mortgage, so you're responsible for it. The tenants signed with you, so they're responsible to you. The two are separate. It's never been about whose fault it is. You violate...
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    New credit rules - 5 days late - black mark on credit filecredit file

    There are a lot of ramifications, obviously. I don't see why it's necessarily stupid or unfair. Or any more stupid or unfair than the current system (which, for example, penalises a person for shopping around for loans by actually applying for them, whereas you can get around this by having a...
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    New credit rules - 5 days late - black mark on credit filecredit file

    Why shouldn't people pay their bills on time, and suffer consequences if they don't?
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