NEED TO MOVE A PAYMENT DATE
Afterpay is committed to making sure you stick to your instalment plan, because we lose money every time we have to chase a missed payment or a late fee.
That’s why we consider every purchase application before we approve that purchase and assess whether you will be able to repay. And that’s why we are always sending you reminders when a payment is almost due.
If we approve a purchase and you still get into trouble, (which can happen to the best of us!), please get in touch to see if we can help.
As soon as you miss a payment, we will immediately stop you from making any further purchases with Afterpay. This is because of our commitment to the high standards we set ourselves for responsible spending.
We give you till 11pm on the following day to make your repayment and then you will incur a late fee for a missed payment that is not resolved. This will be an initial $10 and a further fee of $7 if the payment is not made within 7 days.
To protect you, our late fees are capped and will never go higher than 25% of the price of the item you purchased or $68 (whichever is less).
This means we can stop people deliberately taking advantage of Afterpay, and stop you from going into further financial difficulty.
And this way you have an incentive to stick to your plan, so you never lose control of your money.
If you are facing hardship, we have Hardship Policy that allows us to work with you to get you back on track – which you can check out here.
We've worked hard to develop a Hardship Policy that lets us work together if you have trouble making repayments.
Based on your unique circumstances, we have options we can consider to get you back on track and back in control of your money. Whether this means we stick to your current instalment plan but keep talking or we come up with a new payment plan that reflects your circumstances, or we make sure you don't get any extra fees - we do have options we can discuss.
So if you are facing missed payments for a number of reasons - from natural disaster to unemployment to domestic violence - make sure you reach out. Together we will come up with a plan to get you back on track.
Your first step is to contact us here. No Matter how much you owe, our Hardship Policy is available to every Afterpay community member.
You may also wish to access independent financial counselling and support including through the National Debt Helpline which is a free independent government service. You can find step by step guides on its website www.ndh.org.au as well as access to financial advisors in your state via its hotline 1800 007 007.
- These guys are wonderful at helping people with support National Debt Helpline the service is free and they will provide you with support and free advice. If you’re experiencing financial hardship you can receive free, independent advice about your situation. The National Debt Helpline website (ndh.org.au) has easy to use, step-by-step guides on how to tackle debts. You can also call the National Debt Helpline on 1800 007 007 to speak to a financial advisor – you’ll automatically be put through to the service in your State or Territory.
- Ask for a refund from the retailer. We recommend getting in touch directly with the retailer to see if you’re eligible to return the goods and get a refund (in line with their return policy). Once approved, Afterpay will amend or cancel your repayments immediately