Sorry, I can’t pay
Aihe couldn’t afford to repay her business loan.
Topic: Finance and loans
Why are you loaning me money I can’t afford to pay back?
Fetu complained that his car loan was unaffordable.
When the financial service provider does the right thing
When Sarah left her abusive partner, she found herself unemployed, homeless and responsible for a debt of $7,000. The lender assessed her situation and did the right thing.
Did the lender get the best price reasonably obtainable?
Jasmine voluntarily surrendered her car, as she could not afford the repayments. The car sold for less than Jasmine expected, and she was left with a shortfall to pay.
Was my loan affordable?
Hikaru said his lender didn’t properly assess his affordability, and that they listed his mother as a co-borrower rather than a guarantor.
Hardship assistance for a non-consumer loan
Anika and Jack could no longer afford to make their repayments, so they applied for hardship assistance. Was the lender entitled to decline their application?
Help – I just got a car loan but now I can’t pay
Immediately after getting a car loan, Bati’s relationship broke down and he didn’t think he would be able to make the repayments. Bati wanted to cancel the loan but accidentally asked the dealership, not the lender. The loan continued and Bati made his repayments, but he was in serious hardship.
Why is my loan not reducing?
Sokha was concerned that her loan wasn’t reducing as quickly as she thought it would.
Let’s make a plan
Chun was struggling to make payments on her car loan. Chun felt that her lender could do more to help.
Consumer contributes to a difficult financial situation
After a lender agreed to a debt consolidation the consumer did not repay a debt as agreed and continued to borrow more money.
