The Financial Rights Legal Centre sample letter generator can help you create a letter to send to your lender. Tell them how long you think your financial problems will continue and how much you can afford to repay.
Give the details of your loan (account name and number, and the amount you pay each fortnight or month).Contact your lender's 'hardship officer'.You may be able change the terms of your loan, or temporarily pause or reduce your repayments. Talk to your lender to discuss your options. Contact your lender about financial hardshipĪll lenders have hardship teams ready to help customers in tough times. Talk to your lender or get free legal advice immediately. If you receive a default notice, do not ignore it. The earlier you get help, the more options you'll have.
If you're struggling with your home loan repayments, there is help available.
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