What should you do if you lost your job and just can't make rent this month due to COVID-19?
Just in case you are unable to pay your rent this month as a result of the coronavirus pandemic and you are wondering what you should do here is what a personal finance expert had to say...
6.6 million U.S. workers apply for unemployment in a single week due to COVID-19
I was watching TV, I can remember the channel and the journalist asked this personal finance expert what should someone who can't make their rent or mortgage payment this month because of Coronavirus do?
"This is the reality that many Americans are waking up facing this month," the financial expert said, "and what's really important here is that you communicate to your landlord."
"The big mistakes I see people making right now is not making that communication and you don't want to assume that your landlord or lender knows what's going on with you."
"In this season, many of these landlords and lenders are willing to accommodate. They are waiving late fees they are deferring payment."
"They are allowing people to get into payment plans."
"There are some landlords and lenders who are not being helpful right now and you still want to make that communication."
"If you are unable to pay you rent keep in mind that during the season of quarantine you cannot be evicted."
I wish I remember the name of this financial expert to give her the proper credits but unfortunately I don't.
Tags: In the News
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