26 Main St, Pakenham
Warragul

5 million+ struggle with mortgage payments

June 21, 2024

New nationwide research released by ASIC’s Moneysmart reveals that 47% of Australian adults with debt, the equivalent of 5.8 million people, have struggled to make repayments in the last 12 months.

Alarmingly, the research revealed that more than half surveyed, said they are not aware that they are entitled to ask their bank or lender for financial hardship assistance and just one in five said they had ever sought financial hardship assistance. Around 30% also stated that they would not seek a hardship assistance arrangement from their bank or lender and instead sell assets or get a second job rather than talking to their bank.

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P
03 5941 3000
E
administration@rowo.com.au
26 Main Street,
(PO Box 276),
Pakenham VIC 3810
Opening Hours
Monday - Friday
9.00am to 5.00pm
P
03 5941 3000
E
administration@rowo.com.au
Suite 13,
2/24 Mason Street,
Warragul, 3820
Opening Hours
By appointment only
P
03 5941 3000
E
administration@rowo.com.au
10 Mallard Drive,
Altona North, 3025
Opening Hours
By appointment only
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