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#EveryoneNeedsaPlan: Financial Hardship Options
Posted by Dean McKinnon
on 20 June 2024
Recent research conducted by ASIC estimates more than 5 million Australians struggled to make loan repayments in the last 12 months, but many don’t ask for help.
- Asking for help with financial hardship is the first step
- ASIC MoneySmart has some tips for how to ask for help if you're experiencing financial difficulty
- Step one is to contact your lender and let them know that you’re experiencing financial hardship
- Your lender must consider your request for assistance
- Your lender will work with you to help get your through your financial difficulties
- Arranging assistance with your lender for financial hardship will not impact your credit rating
- If you’re having trouble don’t hesitate to reach out for help
Author:Dean McKinnon
| Tags:Mortgages and Finance |
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