Lenders responded to the recent spike in COVID-19 cases by offering some customers a further four-month payment pause. But does this impact your credit score long term?
Mike Laing is chief executive of the Australian Retail Credit Association, which founded creditsmart.org.au to help consumers understand how credit reporting operates in Australia. He has served as a director and chair of various financial services and payment companies and has led businesses in Australia, New Zealand, the United Kingdom, and Ireland. Mike holds a Master of Commerce (Hons I), is a graduate member of the Australian Institute of Company Directors, and a member of the Chartered Institute of Arbitrators. |