As I have posted previously in another topic, the worst part is the ridiculously unrealistic minimum monthly payments which lock consumers into ongoing debt.
Why would the CBA offer me a minimum monthly payment which I would not pay off unless I lived to around double my current age which would make me vastly older than the oldest person who ever lived.
The Federal Government needs to act on making minimum monthly payments realistic so they will be paid off within a few years and not decades.
