Common Problems with Repaying Your Loan

At Chequers Finance, we understand that taking out a loan is a big decision. Even flexible lending like our fast cash loans requires careful thought and due consideration. After all, it’s your money and we like you to remain in complete control.

Below, we’ve listed a range of common problems associated with repaying a typical loan. We hope this information is useful to you when considering your options.

 

Common Problems Repaying Your Loan

 

Scenario 1 – I Can’t Make My Payment on Time

There are many valid reasons why you may not be able to make a payment on time. Maybe you’ve been hit with an unexpected expense or suddenly lost your job. The death of a family member can also impact you both emotionally and financially.

If you have lost a loved one, we encourage you to grieve in your own way. If you need any form of support, Lifeline offers 24-hour assistance on 0800 543 354. When you have lost your job, you may wish to enquire about Job Seeker Benefits from the New Zealand Government.

When it comes to your loan with Chequers Finance, we may be able to stop a payment if you call us before 10 a.m. on the payment day. Otherwise, a fair and competitive Dishonoured Payment Fee and Default Notice Fee may apply.

 

Scenario 2 – Another Lender Has Sent a Debt Collector after Me

The idea of collectors can be confronting for borrowers. If you are dealing with debt collectors, it’s important to know your rights, including:

  • when and where they can visit you
  • how they must protect your personal information
  • what their reasonable grounds are for contacting you

 

The Ministry of Business, Innovation and Employment offers guidance on your rights and responsibilities when dealing with debt collectors.

With all of our flexible loans, we pride ourselves on working with you and leaving debt collectors out of the equation whenever possible. If you are having difficulties making regular payments, please reach out to us and we will resolve the situation together. Options include changing your payment dates and/or your payment amounts.

At Chequers Finance, we understand how quickly circumstances can change. In most cases, if you keep us informed and strive to make regular affordable payments, we will not send you to a debt collector.

 

Contact Chequers Finance for Easier Loan Terms

We pride ourselves on making your loan terms easier, whether you want to borrow $100 or $1000. You can handle the whole process in person or online, via cash or direct debit! Make an application now or contact Chequers Finance for fast, affordable and fair short-term loans.

Back to News

At Chequers Finance, we understand that taking out a loan is a big decision. Even flexible lending like our fast cash loans requires careful thought and due consideration. After all, it’s your money and we like you to remain in complete control.

Below, we’ve listed a range of common problems associated with repaying a typical loan. We hope this information is useful to you when considering your options.

Visit us at any of our branches:

Auckland Rescue Helicopter Trust Corporate Supporter 2013 / 2014

Chequers Finance Hamilton

Caro House
137 Alexandra Street
Hamilton
Phone: 07 838 2939

Chequers Finance Henderson

334 Great North Road
Henderson
Auckland
Phone: 09 836 6201

Chequers Finance Papakura

155 Great South Road
Papakura
Auckland
Phone: 09 299 7883

Chequers Finance Otahuhu

13 Criterion Street
Otahuhu
Auckland
Ph: (09) 276 4384