Reply To: Levies debts: Who suffers when you can’t pay?

A. Mazed wrote:

To prevent debt collectors I had to take out a loan on top of my own mortgage that I can hardly pay!

I’m guessing a loan at mortgage rates would be less than the 10 per cent penalty rate mandated in strata law.  The “strata” is not some anonymous body with unlimited funds.  It’s your neighbours, some of whom who may be under just as much financial stress as you are.

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