Amid the outbreak, many of us are unsure of where to turn and what resources are available to us. These are unprecedented times. We have no playbook to look at for guidance. Many of us are facing times of uncertainty when it comes to our finances and jobs. There are some programs starting to launch that can help alleviate some of those financial burdens in the short-term.
As resources and information are released, I will attempt to keep you in the know of what you can do if you are struggling financially. Please keep in mind, you must apply for these programs! You cannot just stop paying your mortgage or student loans. The programs are in place to assist, but you still must contact your lender directly and communicate your needs.
MORTGAGE ASSISTANCE:
–Governor Gavin Newsom Announces Major Financial Relief Package: 90-Day Mortgage Payment Relief During COVID-19 Crisis
–Fannie Mae, Freddie Mac, HUD suspending all foreclosures and evictions
–U.S. Orders Up To A Yearlong Break On Mortgage Payments
–Wells Fargo Suspends Foreclosure Sales and Evictions
STUDENT LOAN ASSISTANCE:
–What you need to know about the government’s break for student loan borrowers amid the coronavirus
GENERAL PROTECTIONS AND RESOURCES
–Major Consumer Protections Announced in Response to COVID-19
–Protecting your finances during the Coronavirus Pandemic
–Get financial help in CA
HELPFUL DOWNLOADABLES
–Creditor Tracker : Use for keeping track of phone calls and contact points with your creditors as you ask for programs to assist you through this financially troubling time.
