Financial Hardship

Are you suffering financial hardship?

If you are faced with bills and expenses you can’t manage, there are a number of options you can consider. The option that is right for you will depend on your situation.

It’s important you don’t declare bankruptcy/personal insolvency before you completely understand what it involves and the serious consequences of doing so.

Bankruptcy or personal insolvency does not mean a fresh start, as you can be faced with a number of implications including:

  • Being permanently listed on a register that can be accessed by anyone, such as banks, landlords and employers
  • Having overseas travel banned and potentially having your passport confiscated
  • Experiencing a time where banks/lending institutions/service providers won’t allow you to borrow or use their services
  • Being forced to sell certain assets
  • Having your income, employment and business affected
  • Being required to provide additional bonds for utilities, other services and more…

Get the right information from the right people

There are a number of debt repair agencies who recommend Aussies to declare bankruptcy or personal insolvency. This is something you cannot reverse and because of the serious ramifications involved, it is essential you fully understand the consequences.

The Government provides information and free financial counsellors, and everything is guaranteed to be independent and unbiased. Here are some of their available resources for you:

  1. Free independent information and booklets on their Australian Financial Security Authority website.
  2. Informative and free You Tube videos such as:
  3. Access to free financial counsellors.

Fair Go Finance can help

As soon as you experience difficulty repaying your Fair Go Finance loan, please talk to us. We want to help you and have a number of options that can help you get back on track. Please contact us before proceeding with a debt repair agency, as declaring bankruptcy/insolvency is a serious situation which can impact your future.

At Fair Go Finance you can request hardship relief. This can include reducing your loan repayment to a manageable amount, temporarily stopping interest being charged and preventing additional fees being accrued. If you have a loan with Fair Go Finance and are experiencing financial hardship please contact us before you declare bankruptcy or personal insolvency as we are able to help you. You can contact us on 1300 324 746.

Are you eligible to apply?

  • I am 18 years or older
  • I have not entered into bankruptcy or part 9 agreement within the last 12 months
  • I am willing to provide my Bank Statements online

Please note: Bank statements can only be submitted via our secure online service.


It can be expensive to borrow small amounts of money and borrowing may not solve your money problems.

Check your options before you borrow:
For more information about other options for managing bills and debts, ring 1800 007 007 from anywhere in Australia to talk to a free and independent financial counsellor.

Talk to your electricity, gas, phone or water provider to see if you can work out a payment plan.
If you are on government benefits, ask if you can receive an advance from Centrelink.

The Australian Government’s MoneySmart Website shows you how small amount loans work and suggests other options that may help you.

* This statement is an Australian Government requirement under the National Consumer Credit Protection Act 2009.