If you’re worried about money during the COVID-19 pandemic, and haven’t talked to your lender or credit card company about it, try it! A new survey by LendingTree.com found almost all financial institutions are offering breaks on credit card and mortgage payments right now. And over 90% of people who’ve asked for help have gotten it.
91% of people who’ve asked for a break on credit card payments have been approved. Including 67% who said they got a break on ALL their cards. And 91% of homeowners who asked to pause their mortgage payments have also had success.
Not everyone realizes it’s something you can do–and to some it may feel awkward. 18% of people who hadn’t asked for help said they didn’t realize it was an option. If you find yourself falling further behind on payments, give it a try!
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