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MONEY MAGAZINE
Mike Laing
ARCA CEO
19 August 2020

Lenders responded to the recent spike in COVID-19 cases by offering some customers a further four-month payment pause.

Although an extension of up to four months may be available, it won't be automatic. The additional pause period is still only a temporary measure and it will be reserved for those customers that really cannot afford to make repayments right now but have a reasonable chance of doing so if given additional time.

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