"There are a number of applications we've had to decline because [they did not have] what we view as reasonable credit requirements."
With livestock prices sky high and commodities surging, he said some farmers and small businesses were struggling to re-enter the market following years of drought and other disasters like the mouse plague and floods. While debt was common for agricultural enterprises, he cautioned producers before diving headfirst into the BNPL revolution, especially for assets such as stockfeed or animals."You're not only dealing with interest rates, penalty payments, you're then also hoping the livestock price holds.
these pay later. pay day loan companies should be banned
Buy cow, pay later
Scam now lose farm later.
That banking royal commission was a complete waste of time. The BNPL are funded by major banks and even owned in some instances. Loan sharks with cbd addresses
just a creeping gov guaranteed loan first to home buyers then to miners loans now for farmland LNP used to be for FREE ENTERPRISE n gov is off their back but now election time they r splashing more porkies Our gov debt is $1tril