Some things to consider while times are tough. During the current economic climate you may find it difficult to cope with your financial situation. If you are having trouble meeting your repayments or paying your bills you should do everything you can to prevent your car, home or household goods from being repossessed.
We suggest you contact your lender or creditors straight away on the Car Loan and try to negotiate alternative arrangements to make your repayments. Many finance companies that have Car Loans will do something for you however you must ring them. You are not alone. Yes it happens to many people – including family and friends and even you next door neighbour. It is really important that you don’t ignore the Car Loan problem and hope that it goes away because if you leave it, it will only get worse.
If your Car Loan problems are temporary due to illness, unemployment or relationship breakdown you can apply to have your payments for your Car Loan suspended or varied due to personal hardship.
For more information on credit and debt problems in relation to your Car Loan, personal hardship and where to get help visit the Problems with repayments webpage.
Financial counsellors
Community financial counselling services provide help for people experiencing problems with Car Loan debt. They operate throughout Australia and provide free, confidential advice on financial matters.
Financial counselling groups provide a service to people from all walks of life who find themselves in serious financial Car Loan difficulties.
After assessing their client’s financial situation with their Car Loan, trained counsellors will:
* prepare a full financial assessment and provide options for change and improvement
* detail the availability of any government assistance
* negotiate, advocate and mediate with credit providers and government agencies
* assist with information on debt recovery, bankruptcy and other para-legal matters
* ensure appropriate referral to other sources of assistance, for example Legal Aid, personal counselling and government services.
Financial counselling is a valuable community service that helps people regain control of their financial affairs.
The Wesley Credit Line is a great option. Give us a call on 1300 633334 for their contact details. Our thoughts are with you – don’t despair – Ring us now. Regards Aussie Loans