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What happens if I am late making my repayments?

If you are unable to make your repayments or are experiencing financial hardship please contact our team at service@moneyplace.com.au or 1300 008 003 as soon as possible to discuss your options.

If your repayment is dishonoured, you will be charged a $10 Dishonour Fee.

If your loan has been in default at any time during the previous monthly anniversary of your drawdown date, a Default Administration Fee of $25 will be payable to MoneyPlace.

If your loan is in default for over 30 days, we may take possession of the secured asset, and/or take legal action against you to recover the total amount owing.

We may also refer your loan to a repossession specialist. If this happens a Repossession Administration Fee of $250 will become payable to MoneyPlace.

Even after we take possession of your secured asset, we may allow you to take it back. If we do so, we are not waiving our rights in respect of any default under this clause, unless we expressly say so in writing or if the law requires us to allow you to take the goods back.

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