THE ONLY 2 RULES OF LENDING THOU NEEDST KNOW
An essay whereupon the author expands on a short and merrie historie of banks. By Master Gordon Kelly, recently of this parish. Have you ever worked in a bank and suffered through their induction program? Or perhaps you studied business studies in school, economics, or a similar subject. If so, you will have come across […]
I have a small business but I can’t get a home loan.
Does this sound like you? Well it sure was our family about 12 months ago. My beautiful wife works for another company and draws a wage every 2 weeks. In bank lending terms, that’s standard. But what about me and income from my small business? For many banks, they just can’t get their head around […]
WHY DO BANKS TREAT SELF-EMPLOYED PEOPLE SO BADLY?
Picture the following scene in an Australian bank branch: A self-employed tradie called Bob takes time out of his work day and goes into his local bank to ask about a loan. Despite being a customer for years, no one in there recognises him, because the longest tenure of anyone in the bank is ten […]
RISING INTEREST RATES: THE FAT MAN’S DIET
There are two things you rarely see together – diets and economics. Diets are needed but rarely work long term by themselves. Economics always seems to have the answers works, but never before the fact. Economics is that most wondrous of lifetime pursuits that lends itself to an unending search for rational explanations of social phenomena. […]