Two customers walk into a bank. Both are on identical incomes, live in the same suburb and have the same number of children.
Customer A, who has been saving regularly and paying off the credit card in full each month, will be able to get a $10,000 personal loan at 5.99 per cent. But customer B will be stuck with 25.99 per cent interest – thanks to making cash advances on credit cards and large bets on online sports gambling.
