Illness, injury, unemployment, relationship breakups, over commitment… – unforeseen occurances can put extreme and unexpected stress on a person’s financial situation. Being unable to meet your repayments under a credit facility such as a loan or a mortgage can be a worrying situation.

Luckily, there are a number of ways we can help our clients work through periods of unforeseen hardship and financial difficulty.

• It is important to talk with us before things get too serious.
• If your financial situation changes so that you can no longer meet your regular repayments, then you should contact us immediately.
• The sooner you make contact, the more likely we will be able to assist you.
• You may be able extend the term of your loan, change your repayments, or even temporarily halt them.
• If your financial situation is unlikely to improve in the short term (three to six months) then varying your lending and repayments may not be in your best interests.
• Postponing an inevitable default will likely mean you end up owing even more.
• If this happens, you should seek independent financial advice about other options for managing your debt.This may include, for example, the sale of an asset.

If you are experiencing an unforeseen financial hardship, please let us know urgently by completing the form below.