Topic: Motor vehicle loan

Maia believed that she had cleared her debt with the lender when she surrendered her car. Three years later, the lender told Maia that she still owed over $10,000.

Hine struggled to repay a loan after she lost her job, and by the time her lender offered hardship relief Hine could not afford their proposal.

When a person applying for a loan did not include their rent costs in a loan application the lender substituted a nominal $100 a week.

A car dealer encourages a borrower to lie about his rent expenses to qualify for a loan.

Insufficient buffer in lending decision contributes to difficulties in paying the loan.

Linda’s sister stopped making payments towards her car loan, so the lender asked Linda to pay.

Four weeks’ payment holiday for eight weeks’ additional payments.

The lender did not adequately verify income leading to an unaffordable loan.

Finn’s rent was mistakenly recorded in a lender’s affordability assessment, leaving the loan unaffordable.

Ben’s representative was concerned that the lender did not complete a satisfactory affordability assessment when Ben applied for a loan.