Topic: Consumer Credit

Payments towards an old loan have been irregular. You have a low income and your finance company wants to have your home sold. How can FSCL assist in helping you and the finance company negotiate a suitable repayment arrangement?

Jeanette and her partner borrowed money to buy a car. The car was stolen and they did not repay the loan. An attachment order was placed on Jeanette’s benefit, but it was not enough to repay the loan. Jeanette couldn’t afford to increase her payments and the finance company repossessed her car without warning.

A door to door sale which goes wrong: a dispute over a tablet, delay in delivery, and a cancellation fee.

William purchases a television from a door to door salesperson, expecting to receive it in February. By March he has not received it and cancels the contract and is told he will be charged a cancellation fee. Can the cancellation fee be charged?

Jill’s debt was in arrears and the creditor obtained a court order for Jill to make weekly payments towards the debt. Jill believed that she had almost paid off her debt in full. However, Jill was then told that interest had been accruing on her debt and she needed to continue with her payments.

Mother joins daughter as borrower on loan agreement becoming a principal debtor, liable to repay the loan when her daughter defaulted.

“A $750 loan taken out in 1999 turns into an application by the creditor for payment of $11,000 …”

Sam and his partner Tom took out a loan as co-borrowers with a finance company. Tragically, Tom took his own life.

In 2006, Jonah’s brother, Lance entered into a loan agreement with No Fuss Loans. Jonah signed the loan agreement as guarantor. The total amount of the loan was just under $12,000, repayable over two years.