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Banks are struggling to get borrowers to start paying their loans again, with as much as $200 billion in frozen debt to be kicked into the new year

The latest APRA figures show most banks are struggling to get customers to restart repayments. In August, just $10 billion worth of loans were thawed, leaving $229 billion frozen – including $160 billion in mortgages. It leaves around 230,000 loans withering, as Australians struggle to service their debts. Visit Business […]
Banks are struggling to get borrowers to start paying their loans again, with as much as $200 billion in frozen debt to be kicked into the new year