Jellina White from Bank of Queesland Photo Renee Pilcher / The Gympie Times
Jellina White from Bank of Queesland Photo Renee Pilcher / The Gympie Times Renee Pilcher

Banks can help with mortgage

LAST week's liquidation of J Smith & Sons and its impact on the local community and jobs are an unfortunate reminder that people's circumstances can quickly change.

Jellina White, owner manager from BOQ Gympie, said more often than not the reasons behind this were completely beyond people's control or occur at the worst possible time, just before Christmas in this case.

She recommends anyone who finds themself in this situation consult their bank as soon as possible.

"Under the Code of Banking Practice, consumers or businesses unable to meet their credit repayment obligations, as a result of financial difficulties, can apply to their financial institution for assistance," Mrs White said.

"Assistance may include flexibility in meeting your scheduled repayments, or an extension of your loan term resulting in lower monthly repayments.

"BOQ has a dedicated Hardship Team to assist customers experiencing difficulty in meeting their financial commitments.

"The assistance we can offer will depend on your personal circumstances and we'll review and consider any acceptable proposal you suggest. If you've been paying more than the scheduled repayments into your loans, you may also be able to access these funds."

Mrs White said any BOQ customer who wants to find out more about these options, could contact her on 5480 5088 or 0439 713 789 or come into the branch at 126 Mary St.

For people who are not affected by the J. Smith and Sons job losses but would like to help out the workers who have lost their jobs, there is an appeal taking donations.

The Community Spirit of Christmas Appeal has been set up and donations can be made via the bank account below.

There is also a walk being held tomorrow from 5pm starting at the Gold City Centre and ending in Nelson Reserve to show support for the workers.

Gympie Times


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