Does anyone know the reasoning behind this change in CTC/HSBC partnership?
Is there anything conrete (i.e. not what osmeone thinks and posts as "I heard...blah blah blah) about why HSBC are stopping funding, and what implications this has for the CTC Wings Cadets?
Same reason people can't get credit cards and mortgages. Banks don't want to lend large sums of money any more regardless of whether you're a CTC cadet, OAA cadet or a starting up a new business. It's in CTC's interests to have this agreement in place but ultimately the decision lies with the lender.
Implications are that new cadets will have to secure an independant loan against a property and/or fixed asset. This makes it effectively unavailable to people such as myself who do not have fixed assets.