Introduction: ordering a takeout can also have something to do with the mortgage?!
Takeout has become an essential part of our lives, and Australian takeout software is diverse. However, there are recent news reports that the long-term use of takeout software to order meals may affect the difficulty of housing loans!
Recently, Australia`s federal government is considering allowing banks to gain easier access to information on individual spending habits to help banks determine the credit risk of potential borrowers.
Steve Mickenbecker, chief executive of financial services group at Canstar, a financial comparison site, said lenders could look at our online transactions more to analyze borrowers` solvency.
In his view:
"if you earn A $80, 000 and you eat dinner for $30 a day, you may not be able to pay for it at all. This is what I call an analysis of affordability. "
"as soon as the banks begin to focus on these actions, they can see that these seemingly unquestionable actions have potential risks, and big data can do this by analyzing them."
But John Symond, founder of the Australian Home loan Company, attacked the idea, disagreeing that it was right to gain access to more discretionary consumer habits among borrowers.
"No, I think it`s too annoying."
（John Symond）
The millionaire businessman of Point Piper, who lives in the eastern suburbs, also thinks it is wrong. He argues that lenders` access to our consumption habits is a free infringement of citizen.
As Treasurer, Prime Minister Scott Morrison commissioned an open banking report to explore how consumers could be more willing to share financial information with other groups.
Banks have been consulting credit assessment firms such as Veda Advantage in recent years to find out if potential borrowers are unable to pay their bills or previous mortgages.
Applicants have been asked to provide some recent bank statements. If the report is established, lenders will ask consumers to provide their spending history, not just their credit history.
The report also recommends that the four big banks have an obligation to share personal consumer data. So say in the future eat take-out should be careful, if you do not earn much, but also like to eat expensive, then you may be difficult to borrow!
