Monday, May 28, 2018

Financial services ombudsman agrees widow needed more time to repay Suncorp loan

A grieving widow should have been given more time to repay her late husband's outstanding loans to Suncorp, the financial services Royal Commission has heard. 

Philip Field from the Financial Ombudsman Service agreed in hindsight that giving Jennifer Low twelve to eighteen months to settle the loans was not realistic and that he should have contacted Suncorp to change the terms of the repayment.  

Here's my report from The World Today

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