The arrival of the COVID-19 pandemic has shook the financial stability of millions of Americans. In addition to mortgage relief, many financial institutions of all sizes, including Ally Financial, Bank of America, Citi, and Fifth Third Bank, have taken proactive steps to offer assistance for credit card, auto, and small business and personal loans. While policies vary by institution and are on a case-by-case basis, they include but not limited to fee waivers, deferred payments, loan modifications, zero to low-rate loans, and more.
Click here for a running list of the banks that are offering financial aid to those affected by the pandemic. If you’re experiencing financial hardship, we encourage you to reach out to directly to find out what assistance they can provide.
As usual, we’re here by your side to provide guidance through the ever-changing world to ensure that you remain on track of your goals. As you sort through all of the options, lean on us and together, we’ll explore those avenues to ensure they’re best suited for you.
This document is for educational purposes only and should not be construed as legal or tax advice. One should consult a legal or tax professional regarding their own personal situation. Any comments regarding safe and secure investments and guaranteed income streams refer only to fixed insurance products offered by an insurance company. They do not refer in any way to securities or investment advisory products Insurance policy applications are vetted through an underwriting process set forth by the issuing insurance company. Some applications may not be accepted based upon adverse underwriting results. Death benefit payouts are based upon the claims paying ability of the issuing insurance company. The firm providing this document is not affiliated with the Social Security Administration or any other government entity.
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