Help with your credit card and personal loan payments

We can help if you’re having difficulty keeping up with your payments. The type of help we offer will depend on your circumstances, as described below. It’s important that you get in touch as soon as you can, so that we can quickly find the best option for you.

You can call us on NAB Assist on 1300 661 114 between Monday to Friday, 8:00am to 8:00pm (AEST/AEDT), Saturday, 9:00am to 1:00pm (AEST/AEDT).

Talk to a financial counsellor

If you're feeling overwhelmed with financial decisions, a financial counsellor can help you put a plan in place. Financial counsellors are qualified professionals who provide free, independent, and confidential information and advice to people in financial difficulty. Visit the, opens in new window or call 1800 007 007. The helpline is open Monday to Friday, 9:30am to 4:30pm (AEST/AEDT).

What happens if you miss a payment

Please contact us as soon as you know that you can’t make a payment, or if you’re having financial difficulties. We may also reach out to you if we see signs that you’re beginning to struggle. The earlier you speak with us, the more options you may have. If you miss a payment, we’ll remind you by SMS, email, letter or phone. If the missed payment is just an oversight, you can pay the overdue amount and you’ll be back on track. If not, please contact us so we can discuss options that might help.

Options that may be available to you

We can work with you to see if any of the options below suit your circumstances. When you contact us, we may ask you for detailed information about your current financial situation.

Payment arrangement or payment break

Reduced payment arrangement

If you can’t make your full or minimum monthly repayment, it’s best to keep making smaller payments if possible. We may discuss the option of a reduced payment arrangement on your credit card or personal loan. Typically, this arrangement will be for one to three months. When we speak, we’ll discuss more details about what this arrangement means for you.

It’s in your best interest to keep up payments even at lower amounts, because it reduces your debt in the long run. Contact us so we can work together to find a payment arrangement that may be right for you.  

Temporary payment break

If you can’t make a repayment for a few months, we may discuss a temporary payment break for you. Usually a payment break will be for one or two months. When you call, we’ll ask you about your financial circumstances so that we can try to work out a plan together to resume repayments. We’ll also discuss how a payment break will affect your situation.

What you need to know about a payment arrangement or break

Amounts in arrears and interest will continue to grow while you take a payment break or have a payment arrangement in place, so these options might not be suitable for you.

While you’re receiving a break from payments or a payment arrangement on a credit card, you won’t be able to use that card. Also, it may mean that you won’t be able to make an online redraw if you also have a NAB home loan, however you may be able to redraw if you contact us directly and it’s appropriate for your situation.

Consolidating your debts

If you have credit cards or personal loans with NAB, we can discuss the option of consolidating your debt to make it more manageable. If this suits your situation, you’ll need to undergo a full credit assessment and complete a loan application. This allows us to carry out checks to ensure the consolidation is suitable for your needs and that you meet our lending criteria. Learn more about how a debt consolidation loan works  and the benefits of consolidating your debt.

What happens if we haven’t found a solution or heard from you

If you fall behind in your payments and we cannot contact you, or if we can’t find a solution that works for both you and NAB, steps may be taken to recover the debt. This is a last resort. Learn more about the debt collection process for personal loans and credit cards.

If you are not happy with the support being provided you can provide feedback or make a complaint to the Australian Financial Complaints Authority.

Having trouble making your home loan repayments?

Complete an assistance request and we'll get in touch.

Common questions about your credit report

  • No. You can talk to us about difficulties with your home loan repayments at any time, and this won’t be recorded in your credit history or credit score.

    Only financial hardship arrangements that have been agreed to with NAB will be reported by us to the credit reporting bodies. Please read below for details.

    Learn more about credit reporting and your credit history.

  • Your credit file is updated each month to reflect your repayment history information. This shows your repayment history on your lending facility, which then can have an impact on your credit score.

    The information can be used by credit providers (like NAB) to assess your future credit facility applications (home loans, personal loans, credit cards, etc.). We provide this information, on a monthly basis, to the credit reporting bodies we work with: Equifax Australia Information Services and Solutions Pty Limited, Experian Australia and illion.

  • If you agree to a financial hardship arrangement with your credit provider regarding a credit card, personal loan, car loan, home loan or other credit product that is regulated by the National Credit Code, Financial Hardship Information (FHI) is reported to the credit reporting bodies we work with, to safeguard your repayment history. FHI indicates that a special payment arrangement is in place due to financial hardship and whether the requirements of any such arrangement are being met.

    Your credit report will not include the reason for the hardship arrangement, or the specific details of the arrangement. Financial hardship indicators on your credit report do not impact your credit score.

    If you would like further information about comprehensive credit reporting or your credit file, please refer to, opens in new window.

    If we have not agreed to a hardship arrangement with you, we will continue to report overdue payments if you do not pay your overdue amounts in full. If you do require hardship assistance, please contact us by phone or apply for assistance online by visiting Financial assistance | Support for financial difficulty - NAB.

  • If your account is overdue at the end of your hardship arrangement, this will be reflected within your repayment history information within 14 days of your hardship arrangement ending, unless we have agreed to provide further assistance.

    Financial hardship information – for both temporary and variation hardship arrangements – only stays on your credit report for 12 months. After that time, it is no longer possible to tell from your credit report that a financial hardship arrangement was in place. For further information please visit, opens in new window.

  • If your credit card or personal loan is in default you may receive notices which advise you that we intend to report the default to the credit reporting bodies we deal with.  We’ll let you know once the default has been reported. This default information may be used by credit providers to assess any loan applications you make in the future.

  • You can check your credit file through the credit reporting bodies we work with:

    For more information about credit reporting, visit the Australian Government’s Credit Smart, opens in new window website.

    Find out more about ​Your credit report: access, corrections and complaints.

Dealing with the unexpected

Navigating a change of circumstance

Get in touch

If you're experiencing a change in your circumstances, require financial hardship assistance, or think you might need help in the future, please contact us.

Request financial hardship assistance

If you’re having trouble making your repayments, you can request assistance.

Call NAB Assist Team

Monday to Friday, 8:00am to 8:00pm (AEST/AEDT)
Saturday, 9:00am to 1:00pm (AEST/AEDT)

1800 701 599

Important information