Alan loses his family home when his business cannot repay a debt
Alan complains that a lender incorrectly sold his property at mortgagee sale following his business being unable to repay a debt.
Topic: Finance and loans
An early resolution in difficult circumstances
Natalie’s lender offered to write off part of her loan, stop charging interest, and accept reduced repayments. But was this a fair outcome for the complaint she raised?
Alleged irresponsible lending with no evidence of harm
Dean complained that the lender did not properly assess the affordability of his loan. But what was a fair outcome when there was no evidence of any hardship?
Residual debt unaffordable
When Jason and Maggie could not afford their loan repayments they surrendered their car to be sold, reducing their debt from $30,000 to $24,000.
EQC settlement confusion
Fetu was concerned about how his lender had managed EQC settlement funds.
Is a revolving credit agreement affordable?
A revolving credit agreement that’s spiralling
What does board cover?
Jade’s adult sons’ board payments were included in her income assessment when she applied for a car loan. Should the lender have also included her sons’ food expenses in her affordability assessment?
Huang guarantees his daughter’s business loan
When Huang’s daughter’s business loan isn’t repaid, he faces the sale of his home
Why was I given an unaffordable loan?
Maeve applied for a personal loan, but soon began defaulting on repayments. Was the loan unaffordable in the first place?
Update my credit record
Nicholas’ debt was sold by his lender to a debt collection agency. Nicholas would not enter a repayment schedule with the debt collection agency until the default was removed from his credit record.
