Borrower Financial Hardship

Circumstances Leading to Consumer Financial Hardship

Studies have shown that there is a direct link between personal wellbeing and the status of your financial position. Unfortunately, enduring credit stress is a real threat and we are all susceptible to enduring financial hardship which inevitably may lead to emotional stress and other health problems.

Below are the most common reported causes that lead consumers to financial hardship; unemployment and income reduction make up for more than 50% of the causes of mortgage stress! The importance of planning your credit.