Anonymous
Anonymous asked in Business & FinanceOther - Business & Finance · 1 decade ago

I am currently laid off. Is there any relief program that can defer or reduce payments for a period of time.?

Update:

I have an FHA home loan.

3 Answers

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  • Anonymous
    1 decade ago
    Favorite Answer

    you would have to ask EACH INDIVIDUAL creditor that you have - there is no one world all vendor policy - the interest is going to keep building up - nothing you can do to stop that

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  • D J
    Lv 7
    1 decade ago

    Sorry you got laid off & good luck in your search for another job.

    Your credit scorer is going to take a big hit, not much you can do to stop that.

    So this is the priority list

    Mortgage

    Utilities

    Vehicles & insurance

    Food

    Health - Prescriptions, insurance, etc.

    The rest, no money, Cut off everything, Cable, credit cards, anything that cost that does not help with you getting another job. When the collections calls start write a letter telling them what is going on then do not answer the phone, let the machine get it.

    You new job is to spend 8 hour a day trying to get a new job.

    And again Good Luck, it's tough out there.

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  • Ryan M
    Lv 7
    1 decade ago

    Payments for WHAT??

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