Financial Hardship

Assessment

Our dedicated team will take the time to understand your individual situation, and provide you with the most appropriate options to get you back on track. If you are seeking to change your loan repayments on grounds of financial hardship we will need information in order to assess your financial circumstances. If you need any information on how to complete this application, please email us at hardship@redtreefinance.com.au.

If you are a current customer of Red Tree Finance and you are experiencing financial hardship, please complete the application for Financial Hardship below.

Please provide the following details to assist us in reviewing your request

Name*

Date of Birth*

Mobile number*

Email address*

Current residential adddress

Street Address City / Suburb State Postcode Country

What is the nature of your Financial Hardship?

Please select one

Loss of income

Medical/Health Expense

Emergency Family Expense

Covid-19 Related

Natural Disaster

Other

When did your financial difficulties begin?

Please explain the cause of your financial hardship

What reasonable steps are you taking to improve your financial position and to help you overcome the difficulties you are experiencing, to ensure you can return to your contractual payments if your hardship is approved?

e.g forgoing any discretionary expenses, setting up payment arrangements for other financial commitments, or seeking Financial Assistance from a qualified advisor

What type of resolution are you ideally seeking and what period of time do you require assistance over? (e.g. repayment reduction for one month to $50 per week)*

In order to give your application the best chance of being approved, your proposal must be: reasonable and show that you are able to meet your obligations if approved.

What is your current Monthly income?*

Do you receive any source of financial assistance from a spouse or family member?*

Yes

No

How many dependents do you have?

Please provide a breakdown of your Monthly expenses.

If your expenses are shared, please advise the Monthly amount YOU are covering only:

Rent / mortgage*

Utilities*

Electricity, Gas, Water including Rates

Other housing expenses*

Communication services*

Mobile phone, Internet

Food and groceries*

Including takeaway

Clothing*

Health*

Including Medicine, Insurance, Fitness

Entertainment*

Personal care*

Pets*

Including maintenance

Other*

Subscriptions, Sports, Hobbies, etc.

Vehicle*

Fuel, Tolls, Parking, etc.

Vehicle registration*

Public transport*

Children*

Other child maintenance costs*

E.g. Child support

Self education*

Please provide a breakdown of your Monthly Debts/Liabilities, this includes loans with other lender, credit cards, pay advance loans, buy now pay later accounts:

Please include the Name of the lender and Amount paid per month. Please also include any Afterpay / Zippay / Openpay / MyPayNow / BeforePay accounts etc.

Apply for Financial Hardship