Quote:
Originally Posted by asagaai
The economic ramifications of this over 4-5 months for the world are difficult for me to fully comprehend. Those people with little cash reserves and most at risk (casuals with no permanent employment and sick leave) will be exposed.
|
I'm in that boat.
I called ANZ last week and asked if there were any options to defer mortgage payments for a month or 2 while the slump in casual work was happening.
NO was their reply.
So I pressed a little harder... suggesting that if I deferred my payment for 1-3 months they could add that to the term of the loan.
Oh, yes, you can do that, I could also have a payment plan, breaking my repayments into smaller ones spread out.
BUT. they will need to report me to the credit rating people as a default.
Much the same as if I simply did nothing and refused to pay.
Wonderful people aren't they... those few months will have the world of difference in a 20 year loan.
All the banking help seems catered to business customers.
Lets see what happens this week... I'm sure I'm not the only one worried about where the next loan repayment will come from.