Surviving Financial Meltdown contains a remarkable amount of great advice and wisdom, along with a wide range of exercises that will help you overcome your own personal financial challenges. Some of the exercises are similar to the processes that we were taken through and were so amazingly ...
Economic troubles make it difficult for many people to repay the debts they owe. While it may be possible to negotiate a settlement plan that eases your financial burden, you may be required to document a financial hardship before creditors are willing to do this. The most common way to do ...
Instead of putting yourself in financial hardship, just be honest about your money and try offering the truth—or a practiced version such as, "I just can't swing that right now," "That's a little out of my budget," or "no can do." There is no counterargument to this. If they'...
As its name suggests, the Financial Hardship Department scam is another finance-related scam in which scammers pretend to be from a government agency or department and target victims who have either applied for a loan in another organization or are otherwise in financial trouble. Email is the pr...
borrowers can usually negotiate a lower interest rate since there's less risk of the borrower defaulting or not paying off the loan due to financial hardship. Of course, a bigadvantage to a 30-yearmortgage is that it offers lower payments since they're spread out over a longer period versus...
If you have an "immediate and heavy financial need," the IRS may allow a 401(k) hardship withdrawal. If you're looking for resources to get through a difficult financial situation, you may have considered taking money out of your 401(k) plan. There are several circumstances when current ...
Job loss or decreased income:A recent layoff, job loss, or significant pay cut can create financial hardship. Natural disasters:Damages or losses from a natural disaster like a tornado, hurricane, flood, or even a pandemic can qualify for an appeal. ...
A bursary award is a monetary grant given to eligible or prospective students by an educational institution, such as a university. Like scholarships in the U.S., bursaries are a way for students in the U.K. and Canada with financial hardship to pay for higher education. ...
How not to stress about finances: Mental health strategies for combating money stress No matter the reason for your financial stress or the practical steps you take to address it, it can also be important to prioritize your well-being. In times of financial hardship, this can be tricky, but...
Principal reduction was common in the years after the 2008–2009 financial crisis, which was blamed largely on subprime mortgages. An alternative to principal reduction is interest rate reduction. How Principal Reductions Work Homeowners who experience financial hardship may find it difficult and overwhel...