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Re: Bank Loan Defaulter
Comments
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I was only referring to the immediate affect on the op, not generalising about defaulters and their affect on the rest of us.
It seems to me that keeping out of debt as much as possible is quite a sensible creed to live by. If you have no debt, you are unaffected by the affect of defaulters on the interest rate.
That is factually incorrect, because bad debtors bring down interest rates for savers too.0
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