Did the lender damage Mira’s vehicle during repossession, and were they responsible for her vehicle insurance lapsing?
Mira said that her vehicle was damaged during repossession and that the lender was responsible for her insurance lapsing.
Topic: Finance and loans
Reading your loan agreement matters
Niko expected his loan to cost less than $9,000, but the agreement clearly recorded a total repayment of $18,000
Work visa expires before loan can be paid off
An overseas worker’s loan term was longer than the length of their work visa
Work visa expires before loan is repaid
An overseas worker’s loan term exceeded the length of their work visa
Borrower struggles to repay car loan after redundancy
When Zadran lost his job, keeping up with car loan repayments became impossible. Despite telling the lender about his financial hardship, default fees and interest kept being added, leaving Zadran feeling punished for circumstances beyond his control.
Tractor sold with money owing on it, leads to lender seeking debt recovery from seller and buyer
Leighton sold a tractor that he owed money on. The lender then sought to recover the debt from Leighton and the new owner.
Historic debt causing financial hardship
Tina’s circumstances had changed, and she could no longer afford to repay two historic loans. FSCL helped negotiate a debt reduction and repayment plan.
Online lending: What happens if the guarantor wasn’t the person who signed the guarantee?
This case highlights the risks of multiple guarantors sharing one email address in an online lending process. Without independent verification, lenders cannot be sure each guarantor has personally signed and consented, which may lead to consumer harm and complaints.
Can my mortgage adviser charge me if I switch my loan to another bank?
Ajay disputed whether a mortgage adviser could “claw back” commission when he changed banks
Wife unknowingly added as co-borrower to husband’s business loan
I did not agree to be a co-borrower
