Tips for how to stretch your budget if you are out of work:
Apply for unemployment benefits.
Call your mortgage company and negotiate to skip a payment. If you are seeking to sell your property soon, also tell them that. They will tack the missed payment onto your existing loan if you are accepted. Beware that even a single unannounced missed payment often starts the foreclosure process.
Coming soon: Links to the Oregon Home Rescue Program and a CA mortgage payment assistance program, and any other similar programs that I can find, that will help pay your mortgage payments for up to 12 months if you are unemployed or underemployed. In Oregon, you can also be formerly self employed. CA requires that you are eligible to collect unemployment insurance within the past 60 days.
Other useful info
for people who are on strike:
This is specifically for people who are in the AFSCME union 2831 in Lane County. Some of you may not be on their Facebook page. The following is useful information on how to cope with bills during the strike.
"Some things you can do to help with your Bills:
1. Student Loans? Ask for a Forbearance/deferment: Tell them you have NO income because you are on strike!
2. Car loan? Ask to "skip a payment" you can usually do it twice a year.
3. Call Eweb/Epud ask for an Assistance application.
4. Call your Credit Cards and ask to "skip a payment" because you are on strike and have NO income: They usually let you do it once a year.
5 APPLY FOR A HARDSHIP THRU AFSCME!!!"
Other things you can do:
Apply for rental assistance from the State of Oregon through Catholic Community Services.
The State of Oregon will allow seniors and physically disabled people who do not have a reverse mortgage to defer payment of property taxes until the property is sold after they die.
Be careful about notifying your credit card companies that you have no income. They may allow you to skip a payment, but they will also likely cut your credit line to near zero. Or they may jack up your interest rate.
If you need to make
credit card payments at the very last
minute, DO NOT use the pay by phone
feature. I have had credit card
companies fail to process the check by
phone payments, resulting in late
fees and reduced credit lines when after
talking to them on the phone I revealed
that I had no income. Instead, use
online bill pay where you log in to your
credit card company's web site and
directly debit your bank account
electronically. DO NOT rely on online
bill pay initiated from your bank, such
as Wells Fargo, because at least with
Wells Fargo, all that happens is that
Wells Fargo sends a check in the mail
after debiting your account. If you are
making a payment on a Wells Fargo credit
card, however, the payment will go
through immediately (or the next
business day) and you won't be 'late' if
the payment is initiated by the date
that the payment is due, even if it is a
Sunday or holiday. You can also make a
payment by presenting your Wells Fargo
credit card at any Wells Fargo branch.
If all else fails, you can also
make a payment on your credit card by
going to a check cashing/bill payment
place. For a fee of about $4, they will
allow you to upload a payment on your
credit card. This can take as little as
24 hours to post.
And of course I am not an attorney, so the above page contains only my own personal ramblings and personal opinions. If you need legit legal advice, consult an attorney. In the USA, Legal Shield can give you unlimited consultations for around $20 per month, from a properly licensed attorney.
Copyright 2017 CouchHosting.org. All rights reserved.