Temporary financial hardship & your credit report
A temporary financial hardship arrangement is an agreement between you and your lender to reduce or defer your regular repayments for a couple of months.
Financial hardship assistance
If you are struggling to make repayments on your credit accounts or have experienced an unexpected change to your circumstances that might impact your ability to make your repayments, contact your lender to discuss hardship assistance as soon as possible.
Financial hardship variation & your credit report
A variation financial hardship arrangement is an agreement between you and your lender to change the terms of your loan agreement, for example, an extension of the remaining term of the loan to permanently reduce the monthly payments.