What is hardship?

by Nicolas Zouein

Hardship is when a customer is not able to make their regular loan repayments. This could be for a credit card, personal loan or car loan. This is also known as Financial Difficulty.

Are you having difficulty making repayments to ArzMall?

At ArzMall we understand that sometimes life events such as illness, unemployment or relationship breakdown can lead to difficulty in making repayments.

If this occurs it is important that you contact us as soon as possible so we can discuss your circumstances in order to enter into a suitable arrangement.

Who should you contact?

ArzMall has a dedicated Hardship team to assist our customers experiencing 'Financial Difficulties'.

Contact Numbers and Hours of Operation:

Phone: 961 3 715 515
9am - 5pm Monday to Friday

What happens then?

Our Hardship Team's aim is to assist you in your current financial situation as efficiently as possible. To do this they will complete an over-the-phone assessment with you. This assessment should take less than half an hour and requires you to provide us with details of your income and expenses. In certain situations we may request some documents to finalize the assessment, but will explain this to you if this is necessary.

Where we are able to offer a hardship solution we will:

-Tailor this to your personal circumstances;
-Assess what you can afford to pay and
-Stop collections calls or letters while the hardship agreement is maintained.

Where we are unable to agree to a hardship arrangement we will advise you of this in writing and inform you of your further options in line with our complaint handling process.


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