cindy
Senior Member
Posts: 196
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Post by cindy on Aug 6, 2020 22:08:31 GMT 10
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Post by Stealth on Aug 7, 2020 18:09:36 GMT 10
Yes and no. A lot of banks are looking at payments being taken out from people's super as hardship payments (which they are). That makes the person a lending risk. If you do that in a couple, that's BOTH of you listing as risky loans. Now not every bank will be doing that. But ultimately I think that couple were extremely lucky to get away with it. I keep hearing reports of people handing in their bank statements for the last three months only to be told that they have been declined pre-approval because of the payment hitting their accounts and showing as a payment from a super fund. Apparently some people are getting away with it by saying they'll wait longer only to have the banks demand TWELVE MONTHS of statements. I don't know how prevalent it is but it sounds like it's common enough that more and more people are having loans declined. I won't go into my thoughts on the folly of assuming that the age pension will even exist to rely on anymore when they're due to retire at 67, assuming that the new age isn't 200 by that stage  . |
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cindy
Senior Member
Posts: 196
Likes: 178
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Post by cindy on Aug 7, 2020 18:12:35 GMT 10
Yes and no. A lot of banks are looking at payments being taken out from people's super as hardship payments (which they are). That makes the person a lending risk. If you do that in a couple, that's BOTH of you listing as risky loans. Now not every bank will be doing that. But ultimately I think that couple were extremely lucky to get away with it. I keep hearing reports of people handing in their bank statements for the last three months only to be told that they have been declined pre-approval because of the payment hitting their accounts and showing as a payment from a super fund. Apparently some people are getting away with it by saying they'll wait longer only to have the banks demand TWELVE MONTHS of statements. I don't know how prevalent it is but it sounds like it's common enough that more and more people are having loans declined. I won't go into my thoughts on the folly of assuming that the age pension will even exist to rely on anymore when they're due to retire at 67, assuming that the new age isn't 200 by that stage . Yeah about pension payments...... ahhhh how do I say this. Don't count on it! Ever. |
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cindy
Senior Member
Posts: 196
Likes: 178
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Post by cindy on Aug 7, 2020 18:17:43 GMT 10
Yes and no. A lot of banks are looking at payments being taken out from people's super as hardship payments (which they are). That makes the person a lending risk. If you do that in a couple, that's BOTH of you listing as risky loans. Now not every bank will be doing that. But ultimately I think that couple were extremely lucky to get away with it. I keep hearing reports of people handing in their bank statements for the last three months only to be told that they have been declined pre-approval because of the payment hitting their accounts and showing as a payment from a super fund. Apparently some people are getting away with it by saying they'll wait longer only to have the banks demand TWELVE MONTHS of statements. I don't know how prevalent it is but it sounds like it's common enough that more and more people are having loans declined. I won't go into my thoughts on the folly of assuming that the age pension will even exist to rely on anymore when they're due to retire at 67, assuming that the new age isn't 200 by that stage . Yeah about pension payments...... ahhhh how do I say this. Don't count on it! Ever. Mays as well throw in medicine whilst I'm at it (wrong thread sorry)...... Yeah..... Some people not all SOME need to be more responsible for their health. This covid is costing the NHS billions so expect cuts on NHS prescriptions or for price hikes. I can just see it now people complaining about $10 concession prescription when the real price is in the 100s |
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Post by Stealth on Aug 7, 2020 18:22:35 GMT 10
RIGHT?! I can't even BEGIN to fathom the mentality that goes into 'the age pension will be there for me'. I have a defined benefits pension that I'll be drawing on when I'm retired, but we're assuming that even that won't be available anymore. I don't understand the logic of expecting anyone else to provide for you in your old age. My other half and I are of the same mind. Ain't nobody gonna provide for us when we're old. We don't want our kids to have to, they're going to be far enough behind the 8-ball when they're our age after this whole economy squish.
If any pension is available to me when I'm retired, BRILLIANT. Absolute bonus. But that's it. It'll definitely be a bonus and not a planned income because I just am far to pessimistic to believe that it's a system that will be retained into the future.
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cindy
Senior Member
Posts: 196
Likes: 178
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Post by cindy on Aug 7, 2020 18:25:03 GMT 10
RIGHT?! I can't even BEGIN to fathom the mentality that goes into 'the age pension will be there for me'. I have a defined benefits pension that I'll be drawing on when I'm retired, but we're assuming that even that won't be available anymore. I don't understand the logic of expecting anyone else to provide for you in your old age. My other half and I are of the same mind. Ain't nobody gonna provide for us when we're old. We don't want our kids to have to, they're going to be far enough behind the 8-ball when they're our age after this whole economy squish. If any pension is available to me when I'm retired, BRILLIANT. Absolute bonus. But that's it. It'll definitely be a bonus and not a planned income because I just am far to pessimistic to believe that it's a system that will be retained into the future. I am with you 💯. I will not be relying on any government scheme for monetary handouts pensioner or otherwise. |
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Jul 7, 2024 11:02:41 GMT 10
Jul 7, 2024 11:02:41 GMT 10
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