That's a bit harsh. [Canada]
You know it's weird though , of course they could just stop your repayments for a few mths, click you back on later and the cash cows back on auto. Really it's the smartest way of handling the problem , keep you happy = keep cash cow.
Nothing to do with this thread but in that way I can't understand why banks would want to reposes especially in the US right now.
The house goes empty, sits, no repayments , gets trashed , dozers come in , I mean they're better off having at least a built in caretaker even if they can only pay 1/2 their repayments. The banks asset holds it's value and they still make some at least money.
Of course there is the discipline angle that they must be seen to be up holding but never the less it makes no business sense , well not to me.
Then again , if seen to be treating things that way they'd be taken for rides left and right to I guess , so maybe not.
Cheers
You know it's weird though , of course they could just stop your repayments for a few mths, click you back on later and the cash cows back on auto. Really it's the smartest way of handling the problem , keep you happy = keep cash cow.
Nothing to do with this thread but in that way I can't understand why banks would want to reposes especially in the US right now.
The house goes empty, sits, no repayments , gets trashed , dozers come in , I mean they're better off having at least a built in caretaker even if they can only pay 1/2 their repayments. The banks asset holds it's value and they still make some at least money.
Of course there is the discipline angle that they must be seen to be up holding but never the less it makes no business sense , well not to me.
Then again , if seen to be treating things that way they'd be taken for rides left and right to I guess , so maybe not.
Cheers
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