One of the options you can explore if you are struggling with your debts is to apply to your creditors for consideration of financial hardship. This is considered on a case by case basis by most creditors and is usually reserved for people who have genuinely suffered an incident which has lead them into serious difficulty.
With financial hardship, there are no set rules. The leniency may vary from creditor to creditor but may include:
As there are no set rules with financial hardship each creditor may treat your application differently.
If you are unsuccessful with your request for financial hardship and your creditors are still demanding payment, that is where we may be able to help. We specialise in helping people who have been refused financial hardship or after the period of financial hardship has ended are still struggling with debt. Please review the information on our site carefully, we have helped many Australians solve their debt problems.
Our debt advice is obligation free and we offer a toll free telephone line for Australians. Call one of our friendly personal debt consultants today on 1800 98 10 70