In these financially unsteady times in our fragile economy there are things you can do when you get laid off from work.
During a very difficult time I offer some assistance that helped me when I was laid off from work. Many institutions that have loaned you money can and will assist you. Ask where your car loan is handled if they would consider delaying payment for 3 months. At the end of that time you might again ask for an extension if you need that then. All these organizations do is tack it on to the end of your contract. An interest fee might be charged, but that deferment can help you a lot.
If you rent, go to the landlord. Tell them the situation and ask if they could consider 1/2 rent for 3 months. If you have been in good standing, paying your rent on time and paid in full, that might be considered. Ask if you can do some things until you are able to get back to work that can lower your rent.
If you have a mortgage, go to that institution that holds that contract. If you know someone who works at the bank or facility that has your contract, make an appointment with them and explain fully your situation in as short an explanation as possible. If you do not know anyone at the bank, ask for some time to talk to the Vice President of that facility. At that appointment, ask what they might do to help you that they can offer. You might be pleasantly surprised. They are people and know how to handle problems well.
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