Review | 17 October 2016

Key Issues: Car loan | Financial hardship | Payment arrangement- arrears capitalised and loan term extended


Case summary
 
The consumer requested financial hardship assistance.  We found that the FSP was not required to give the consumer a hardship arrangement. This is because it was unclear when the consumer’s financial position and business situation had improve enough for him to meet his payment obligations.   
 

Follow this link for a full copy in PDF  Review | 17 October 2016