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Steps to take if you can’t make ends meet because of the COVID-19.

With the coronavirus pandemic causing many workers to lose hours, it’s more important than ever to know what financial options you have.

If you don’t have an emergency fund and are struggling to make ends meet during these uncertain times, here are steps to take.

Contact creditors right away

If you’re concerned it will be a struggle to pay your credit card balance, student loan debt or utilities in the coming months, the National Consumer Law Centre advises contacting your creditors as soon as possible and asking for hardship concessions.

Consider a personal loan

Personal loans can help out in times of income insecurity. Banks, credit unions and online lenders offer them.

Send temporary hardship letters

If you are having trouble paying your mortgage, your first step should be to seek out a legal advocate, according to the National Consumer Law Centre. From there, you can send hardship letters to lenders, like your mortgage company, to see what your options are.

Need Urgent Help?

Magna Capital Group, Inc. provides equity-based private and hard money loans for residential and Commercial properties for subprime money borrowers. For more info please visit our website www.magnaloans.com.

 

Magna Lending Service offers :

Private Money/ Hard Money Loans

Commercial Real Estate Loans

Residential Home loans-Purchase and Refinance

Bridge Financing

 

We can fund your loans in 5 Days !

Please Email your loan scenarios to Shawn Molem at Shawn@magnaloans.com for immediate response

To learn more about our financing solutions for residential and commercial properties, please call us at (310) 734-4044 or visit us at www.magnaloans.com

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