Govt lifts financial hardship thresholdBY WWW.THESHEET.COM | MONDAY, 27 APR 2009 12:20PMNational consumer credit laws will adopt a higher threshold at which lenders are obliged to formally consider a variation to a loan where a customer cannot pay due to illness, unemployment or other reasonable causes. The government plans to lift the threshold to $500,000 from $312,000 at present. |
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