Why does it seem so difficult to secure a long term commitment for a larger amount for these loans? The limit set by Westpac creeps up as the loan pool grows, although the wording of these last few announcements and the expiry of the facility make this relationship seem fragile. Does anyone know how the 'larger facility' mentioned in the announcement could be structured? Perhaps a bond like Money3 have issued?
News: FSA FSA Group says Westpac Banking Corporation increased personal loan facility, page-2
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