Privacy dumped for better loan - study

Privacy dumped for better loan - study

www.news.com.au

MOST Australians would not shy away from allowing lenders to access their entire credit history if it meant getting a better home loan deal, a survey has found.

A poll by leading mortgage broker Loan Market Group, which includes X Inc Finance, found 72 per cent of respondents supported positive credit reporting, which allows lenders to scrutinise an applicant's full credit history.

(visit the link for the full news article)

The NWO maggots don't need to try very hard, when 72% of people would be willing to give up their financial privacy.

Here's the part I like:

“With positive credit reporting, lenders can identify low-risk borrowers and reward them with lower rates on mortgages.”

This translates to: Be a good citizen, don't hide anything and we'll charge you less money than the citizen who wants to conceal information from us. Note that we're still charging you and you'll still be in debt to us. We will still own you for the duration of the mortgage.

www.news.com.au
(visit the link for the full news article)