Does the CBA have a heart or ????
- Thread starter csc
- Start date
Hiya Dazz
A true Engineers response that
and somewhat tongue in cheek .....................its ok I can relate, Im a scientist, but I must disagree.
That legal structure isnt what drives any business, its merely a shell. Without some level of "fluff" and some fuzzy logic at various levels, no entity can build up an ongoing business.
ta
rolf
A true Engineers response that
and somewhat tongue in cheek .....................its ok I can relate, Im a scientist, but I must disagree.That legal structure isnt what drives any business, its merely a shell. Without some level of "fluff" and some fuzzy logic at various levels, no entity can build up an ongoing business.
ta
rolf
Hi Tracey
More often the insurance is provided by general insurance areas than your life insurance co's.
Commonwealth
http://www.commbank.com.au/personal/insurance/loan-protection/default.aspx - problem is its limited to cba loans
NAB thru MLC offer a thing called debt insurance - which covers you any bank
Apparently allianz does as well but I've never done any with them. They only handle our GI biz re house and contents, landlords, cars etc.
More often the insurance is provided by general insurance areas than your life insurance co's.
Commonwealth
http://www.commbank.com.au/personal/insurance/loan-protection/default.aspx - problem is its limited to cba loans
NAB thru MLC offer a thing called debt insurance - which covers you any bank
Apparently allianz does as well but I've never done any with them. They only handle our GI biz re house and contents, landlords, cars etc.
Let us not kid ourselves....whilst the product maybe useful...CBA has its interests in mind. Repossession is tedious and costly for banks....by giving a 6-12 month holiday on loans....they are hoping most people will find jobs in that window and problem solved!
As for me...I DO NOT TRUST any bank or banker...as a matter of fact a large majority are w&&kers!
I now play their game..ask for things in writing...and have the loyalty of CEOS to employees in the current environment.
Unfortunately, the banks have created customers who are now disloyal and painful as a result of their behaviour....no amount of public relations sugar coating is going to change this.
As for me...I DO NOT TRUST any bank or banker...as a matter of fact a large majority are w&&kers!
I now play their game..ask for things in writing...and have the loyalty of CEOS to employees in the current environment.
Unfortunately, the banks have created customers who are now disloyal and painful as a result of their behaviour....no amount of public relations sugar coating is going to change this.
There seems to be this strange ideal that banks were'nt banks 10, 20, 30 years ago or more.
Nothing could be further from the truth.
They gave easy credit when it suited them, and they squeeze when it suits them.
If the bank lenders were in trouble and call up their loans, hardly anybody would be able to pay up.
They have no use for property so they'd have to sell it on the market and property will become worthless and they'd be in a worse situation.
The only reason the banks do anything is because it beneficial to them.
With RBA pumping $$ into them and Kevin Dudd proping them up, they can forfeit some interest payments for a while, while it keeps compounding for the customer.
Nothing could be further from the truth.
They gave easy credit when it suited them, and they squeeze when it suits them.
If the bank lenders were in trouble and call up their loans, hardly anybody would be able to pay up.
They have no use for property so they'd have to sell it on the market and property will become worthless and they'd be in a worse situation.
The only reason the banks do anything is because it beneficial to them.
With RBA pumping $$ into them and Kevin Dudd proping them up, they can forfeit some interest payments for a while, while it keeps compounding for the customer.
