Young man suffering from financial hardship Young man suffering from financial hardship
Young man suffering from financial hardship

Experiencing Financial Hardship?

It’s common that at some point in most people’s lives we experience some sort of financial hardship.

You are not alone!

In fact, here at Ume Loans we have helped many of our clients navigate the challenging times of financial hardship and guide them back to better times. We do understand that circumstances in Life are not always fair, but you can count on Ume Loans to listen, understand, and treat you with honesty & fairness whilst working on a plan to help you return to a better time.

What is Financial Hardship?

Financial hardship means a situation where you are unable, reasonably because of illness, unemployment, or other reasonable cause, to pay your financial obligations under your contract with Ume Loans.

What can cause Financial Hardship?

Everyone’s circumstances are different, but some common causes are:

  • Loss of employment
  • Loss of a relationship
  • Physical or mental health issues
  • Tight periods of cashflow
  • Natural disasters
  • Anything that can change your financial circumstances

Who can help you if you believe you are suffering financial hardship?

1. Ume Loans – If you have a loan with Ume Loans then it is important to talk to us and let us help you. We have experience in helping people, just like you through these tough times. Some of the ways we can help are:

  • Reduce or pause your Interest
  • Postpone or reduce your repayments
  • Consolidate your debts
  • Extend the time you have to pay back your debt
  • Pause any pending legal or enforcement actions
  • Be a friendly ear to listen to you and guide you through these tough times

2. The Government Website Money Smart – there are some great resources on this website, its well worth the time to check it out.

3. Financial Counsellors – there are different financial counselling services available in each State.