We know this may be a difficult period for you, your clients/business partners and families. We’re sensitive to the fact that many Australians may be facing financial stress and challenging times ahead.
As we continue to deal with the coronavirus outbreak, I wanted to reach out to you personally to reiterate our support for our clients and partners at this difficult time – even if we cannot assist with loans we can assist with contact details for lenders and give guidance on what steps you should consider.
So in regards to any current borrowing – Borrowers who are granted a six-month deferral on loan repayments will not have their credit rating affected as a result of the holiday, so long as they were up to date with repayments prior to the economic impact of COVID-19. Read More from ABA
Please do not defer contacting all your lenders should you feel over the next few months you maybe unable to make a repayment.
Late payments (usually over 2 weeks after due date) is recorded on your credit file resulting in a decreased score.
We have a list of contact details for Hardship Teams with many lenders
There are also many lenders who are still their to help- especially for our essential services – such as:-
• Cleaning services
• Construction and mining services
• Transport / Logistics
• Government (including schools)
We have also lenders offering short term and overdrafts and Invoice Finance (refer to our other new article)
Please feel free to call 0468 371 449 or email email@example.com