Why personal, home loan deferral repayments could start economic crisis – NEWS.com.au

Revenge of the loan. The next few weeks are going to be very stressful for hundreds of thousands of Aussies, as they get a call theyve been dreading from the bank. The consequences of those phone calls will affect all of us. Half a million Aussies will have a difficult conversation with a bank employee about the fact they have not been paying their loans. Six months ago banks handed out loan deferrals like lollies. Now they’re coming to take the deferrals away.
The boss of the Australian bankin…

Click here to view the original article.