Hardship Assistance Triples as Deferrals Continue to Rise
More than 57,000 customers have received hardship assistance during recent lockdowns across Australia, including more than 30,000 loan payment deferrals on home and business loans. New statistics released by the Australian Banking Association today show hardship assistance, which includes deferring credit card payments and waiving fees and charges, has almost tripled over the last month, up to 57,000 from 20,000 last month. Home loan deferrals […]