Dealing with a Drop in Income. Bev Doll Family Living Agent UW-Extension May 15, 2009. When your income drops…. Job Layoff Illness Death Divorce. Natural Reactions…. Shock Panic Stress Denial Burden Fear. 5 Steps To Financial Independence. Set Goals Analyze Information
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Family Living Agent
May 15, 2009
Goals in writing are dreams with deadlines. –
can make a
debts or refinancing your home
been a good customer
contact them before they contact you
Options you could request from your creditor:
Reduce monthly payment
Reduce or drop fees for late payments
Lower interest rate
Pay interest only on the loan until you can resume making monthly payments
Request permission to sell the itemTips Negotiating with Creditors
but NO plans.