When financial hardship hits or unexpected expenses leave you short at the end of the month, you may have difficulty paying your bills on time. Despite this situation, there are steps you can take to reduce the impact of falling behind and get your finances back on track. Mortgage Payme...
What to do if you can’t pay an unsecured business loan If your business is facing financial hardship, making it difficult to repay a loan as agreed, it’s important to be proactive and try to find a resolution that helps avoid severe consequences. Consider taking one or more of the foll...
You may think, “I lost my job; what do I do about money?” After all, everyone has bills to pay no matter what is (or isn’t) coming into their bank account. While some lenders are extremely strict, many have hardship programs that allow you to reduce payments or put them on hold...
financial hardshipscholarshipsyoung adult cancer survivorsIn 2019, more than 744,000 children and young adults up to age 39 years are living with a history of cancer in the United States[1]. The top 5 common cancers diagnosed in children include leukemia, brain and spinal cord tumors, neuro...
Courts may allow reductions, waivers, or payment plans based on financial hardship. 4. Are all financial obligations legally enforceable? Not always. While most written agreements are enforceable, verbal promises can be harder to prove. Courts typically require clear evidence of an agreement. 5. ...
Financial strains or unforeseen circumstances can make it difficult to meet monthly money obligations. If you're in such a bind and your car payment is one of the bills causing you stress, there might be an option. Some lenders offer auto loan ...
If you're planning to ask for a loan modification without having gone through forbearance, you'll have to provide evidence of financial hardship. Loan modifications are usually reserved for homeowners who are facing imminent default or are already delinquent on their mortgage payments. Your lender ...
To afford school and other living expenses, Sokunbi had a partial scholarship, reduced campus housing and some help from her parents. Ask for help If a payment on your maxed-out credit card is due soon, let your credit card issuer know you are facing financial hardship — whether that be...
If you find yourself burdened with high medical bills that you cannot afford to pay, seeking financial assistance from the hospital you received treatment from can be a viable option. Many hospitals have financial assistance programs in place to help patients who are experiencing financial hardship....
You require funds to do your daily activities, including your few specific life goals. If you are only saving a fraction of your income, it will only create a reserve fund. This reserve fund won’t help you out in your unforeseen financial hardship. The reasons for the need for investment...