As fuel price increases impact the cost of groceries, freight and everyday essentials, many Australians – particularly those in regional communities – are facing mounting financial pressure, putting at risk loan repayments.
CreditSmart is urging those experiencing difficulties making loan repayments to reach out for support early and without fear or shame.
Free help is available from a range of sources.
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In addition to speaking directly with your lender, Australians can access support through financial counsellors and community legal centres, at no cost.
Visit https://www.creditsmart.org.au/ for independent information on credit reporting, managing debt, and understanding credit reporting and financial hardship support.
