What financial path do you take from here?
We had all hoped that the pandemic would be over by now. Unfortunately, many problems remain. Here is the current status of relief:
Mortgages – Forbearance requests can be made until September 30, 2021. Here is more information on the steps you need to take.
Student Loans – Federal student loans are in forbearance until January 31. 2022. Beginning February 1, 2022, you must restart your regular payments.
Medical, credit card, and signature loan debt are the least important to pay. Your home, transportation and student loans are all critical debt. The first step is figuring out what you need to do to protect the essentials. If there’s not enough money to pay credit card, signature loan and medical debt, consider talking with a bankruptcy lawyer to learn your options.