We are experiencing uncertain financial times in the wake of COVID-19. It is affecting all of us, but some of us have been hit much harder. Are you worried about what to do?
What Can I Do Now?
1. Update Your Budget – This will help you find other options for emergency cash. Don’t have a budget yet? A good way to get started is to make a list of your bills. Still overwhelmed? Start tracking one or two important things. It is much better to have a small budget in place versus no budget at all.
2. Use Available Relief – The Federal, state, and local governments have support options available. Make sure that you utilize these important resources. If you have federal student loans, payments and interest have been suspended until September 30, 2020. Also, if you have a federally backed mortgage, you may qualify to place your payments on hold. These are just a couple of the many options available.
3. Reach out to your creditors – Believe it or not, many creditors have put in place relief policies due to COVID-19. If your creditor does not have something like this in place, tell them that you have been impacted by COVID-19 and would like to know what accommodations are available.
4. Contact a Professional – Don’t rule out exploring other options! If you need financial help, there are resources available. For example, scheduling a free consultation with a qualified bankruptcy attorney will provide you with more information as to what you can do to solve long-term debt problems now. Our office can even help you personalize your own financial crisis survival guide.
Need More Information?
At the Law Office of Daniela Romero, we believe in relationships that are based on trust. Before we work together, we would like to get to know you and we would like you to get to know us. We want you to be sure you are the right fit for us and that we are the perfect fit for you. This will allow you to be completely comfortable sharing intimate and difficult details of your case, so we can offer you representation to the fullest extent of the law. Call us today to set up a free consultation.