Where can you receive solid support during a lockdown to make ends meet?

Over the last year and a half, COVID-19 has prompted several months of lockdowns at home in New South Wales and Victoria.

Financial stress is likely to have set in by now if you can’t work from home or if you can’t go in as an essential worker.

Have various emergency expenses? Where can you go for financial support that you can trust? See GreenDayOnline credit card options and choose one of them.

Make use of the financial hardship rules.

Financial hardship departments must exist at the issuers of your banking, insurance, and utility products to assess your requests for payment variations.

So, if you’re in a bind, contact your service provider. They may lower or even stop your payments for some time.

Mortgage issuers are the most prevalent cause of financial stress, with repayment holidays most common. On the other hand, utility companies are increasingly stepping in to help struggling households.

Insurers – particularly health insurers – are also granting reprieves.

Get free financial advice.

This is true – or will be if you contact the National Debt Helpline. This hub may link you with one of the hundreds of free counselors, many of whom are in your neighborhood.

A financial advisor will examine your finances to see where they might be improved. Furthermore, they may be able to negotiate hardship arrangements on your behalf with creditors and bill suppliers.

They can also assist you in setting up a Centrepay debit plan for your everyday spending by liaising with Centrelink to arrange payments.

They can also seek any further support to which you are entitled, such as urgent and practical aid with day-to-day needs – via various organizations.

Take advantage of a no-interest loan.

This may sound too good to be accurate, but some non-profit organizations are offering interest-free household relief loans on behalf of issuers, the federal government.

Once again, a financial advisor can help you with this possibility.

To assist beneficiaries with rent, rates, body corporate fees, and utility bills, loans of up to $3000 are available with no interest, charges, or fees.

If your “income was lowered, you were put onto Centrelink benefits after February 2020, or you were otherwise financially affected by COVID-19 (including reduced income if you are self-employed),” you may be eligible.

If you are single, you must make less than $60,000 per year before taxes; if you are married or have dependents, you must earn less than $100,000 per year.

These coronavirus-related loans are in addition to non-profit organization programs, which provides loans of up to $1500 to persons with somewhat lower incomes who need money for white goods, broken down autos, or medical bills.

Finally, be cautious while looking for financial counselors or no-interest loans on the internet. Expensive and predatory pretenders, such as debt consolidation “experts” and payday lenders, often appear at the top of the list.

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