Under Section 8 of the General Insurance Code of Practice the Insurance Company must offer you the opportunity to pay
the debt by instalments if you are in financial hardship.
If you agree that you owe the debt but can't pay the full amount, you can ask your lender or credit provider whether you can pay off
the debt by instalments.
Not exact matches
The company is giving away five free eBooks and magzines, such as Catch the Zolt: The
Debt Instalment One
by Phillip Gwynne, Be Careful What You Wish For
by Gemma Crisp, The Slap
by Christos Tsiolkas, Back to the Pilliga
by Tony Parsons and The Fence - Painting Fortnight of Destiny: A Memoir
by Meshel Laurie, along with issues of top selling magazines Australian Geographic, GQ, Good Health, Vogue and Taste.com.au Magazine.
This does two things: You start earning a better credit score, because you're paying your
debt off in regular
instalments, plus it stops adding to your
debt load
by preventing more interest from accumulating.
The EDR scheme hears Emily's complaint for free and makes a decision that allows her to keep her home and pay off a reduced
debt of $ 10,000
by monthly
instalments.
One third of households led
by people aged 55 to 64 still had a mortgage and 38 per cent had credit - card or
instalment debt (basically a payment plan for purchasing an item).»
Once perfected, statutory demands were presented against both guarantors which resulted in the immediate start of negotiations followed
by an
instalment settlement of the entire
debt, plus interest.