What is AFCA, and when should I use it?
AFCA is free, independent, and binding on the financial firm. Here's when it's the right escalation, and how to use it well.
What is AFCA, and when should I use it?
The Australian Financial Complaints Authority is the free, independent, ombudsman-style scheme for resolving complaints about financial firms — including debt collectors. If your complaint to a financial firm hasn't been resolved within 30 days (or 21 for hardship), AFCA is your next step.
What AFCA can do
AFCA can:
- Investigate your complaint independently.
- Mediate between you and the firm.
- Make a binding determination — the firm has to comply. You don't.
- Order compensation for direct loss and, in some cases, non-financial loss.
- Direct the firm to vary or remove the debt in certain circumstances.
What AFCA can't do
- Make decisions outside its jurisdiction (general consumer law cases not involving a financial firm).
- Award unlimited compensation — there are caps that vary by complaint type.
- Punish the firm criminally.
When to use it
Use AFCA when:
- You've made an internal complaint and waited 30 days (21 for hardship) without resolution.
- A debt collector has crossed a line — abuse, harassment, contact frequency.
- A hardship application has been ignored or unreasonably refused.
- You're being chased for a debt you don't believe you owe.
- A payment plan you agreed to has been unilaterally varied to your detriment.
How to use it well
- Document everything — dates, amounts, communications.
- Lodge online at afca.org.au — takes 15 minutes.
- Be specific about what outcome you want — debt waiver, compensation, plan reinstatement, conduct change.
- Respond promptly to AFCA's questions during their review.
Most matters resolve at the mediation stage without needing a formal determination.