GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you’re free to read more about oureditorial guidelinesand our products and servicesreview methodology.
Managing your finances strategically during a crisis can helpprevent a natural disaster from turning into a financial catastrophe.
Mortgage Payments
Housing security should be your top financial priority.
Missing mortgage payments can lead to late fees, credit score damage or even foreclosure.
Many utility companies provide hardship programs or disaster-related payment deferrals, so check before missing a payment.
Many insurers have disaster relief policies, so contact them if youre struggling to pay.
Credit Card Payments
Many credit card companies offer hardship programs or deferred payments during disasters.
While interest may still accrue, skipping a payment temporarily might be necessary if money is tight.
Student Loans
Federal student loans often have deferment or forbearance options in case of financial hardship.
Some private lenders also offer temporary relief, so reach out to your loan servicer.
Cutting these costs can free up cash for more pressing expenses.
Personal Loans
Many lenders offer disaster relief programs that allow you to defer payments without major penalties.
Check with your lender to see what options are available.
Always verify deadlines and any relief programs available in your area.
More From GOBankingRates
Share This Article:
