Bloody Banks-stuffem

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Bloody Banks-stuffem

Post by Oldbloke » 30 Nov 2022, 3:19 pm

If you have an account with this bank you might consider moving to another bank.

https://sifa.net.au/anz-bank-cancels-se ... -industry/

I wouldn't be surprised if this results in civil action.

After all they are discriminating against businesses that are working within the law.
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Re: Bloody Banks-stuffem

Post by deye243 » 30 Nov 2022, 4:27 pm

Won't be long before they all jump on the same bandwagon
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Re: Bloody Banks-stuffem

Post by bigrich » 30 Nov 2022, 4:50 pm

Oldbloke wrote:If you have an account with this bank you might consider moving to another bank.

https://sifa.net.au/anz-bank-cancels-se ... -industry/

I wouldn't be surprised if this results in civil action.

After all they are discriminating against businesses that are working within the law.


it SHOULD be challenged as discrimination :thumbsdown:
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Re: Bloody Banks-stuffem

Post by Oldbloke » 30 Nov 2022, 4:51 pm

I have a strange feeling another bank did something along these line about 18 months ago.
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Re: Bloody Banks-stuffem

Post by Lazarus » 30 Nov 2022, 5:27 pm

I had "dealings" with Esanda in the late 80s.
A total cack of punts.

Wouldn't lend me 4K for a mint second hand skid steer but were happy to give me 44K for a new one and I was mug enough to take it.

Over 7 years I paid them 122K, then when the business tanked after I was f*cked up in the truck crash, they took the machine and tried to sue me for another 24K.
Lovely people to deal with.
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Re: Bloody Banks-stuffem

Post by deye243 » 30 Nov 2022, 10:40 pm

Lazarus wrote:I had "dealings" with Esanda in the late 80s.
A total cack of punts.

Wouldn't lend me 4K for a mint second hand skid steer but were happy to give me 44K for a new one and I was mug enough to take it.

Over 7 years I paid them 122K, then when the business tanked after I was f*cked up in the truck crash, they took the machine and tried to sue me for another 24K.
Lovely people to deal with.

Hmmm so I wasn't the only one screwed over by these bastards
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Re: Bloody Banks-stuffem

Post by bigrich » 01 Dec 2022, 4:21 am

White collar crime is on the rise. Banks/companies f$ck people over but they do it within the law
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Re: Bloody Banks-stuffem

Post by on_one_wheel » 01 Dec 2022, 6:09 am

bigrich wrote:White collar crime is on the rise. Banks/companies f$ck people over but they do it within the law


White collars... they're just jealous because they're dickless
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Re: Bloody Banks-stuffem

Post by straightshooter » 01 Dec 2022, 6:39 am

I always wonder what compels people to get into what turn out to be quite lousy deals.
Banks but especially non bank lenders are not in business to help you, they are there to exploit you, no matter what their flashy advertising may suggest.
It is up to the borrower to limit the extent to which they can exploit you.
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Re: Bloody Banks-stuffem

Post by Lazarus » 01 Dec 2022, 8:06 am

straightshooter wrote:I always wonder what compels people to get into what turn out to be quite lousy deals.
Banks but especially non bank lenders are not in business to help you, they are there to exploit you, no matter what their flashy advertising may suggest.
It is up to the borrower to limit the extent to which they can exploit you.


In my case, a combination of a cherry contract on offer and business naivety on my part.
I wanted the contract so badly I was willing to dismiss the warning signs.

Once bitten, forever shy.
Courage is knowing it might
hurt, and doing it anyway.
Stupidity is the same
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And that's why life is hard
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