• culvercreditrecove

Un-THANKFUL During a Pandemic

This should be a time of giving and yet there are millions of people who will lose their homes not only during the holidays but during a pandemic. According to Bloomberg, “Roughly half of the households not current on their rent or mortgage payments in Arkansas, Florida, and Nevada think there’s a “strong chance” of eviction by early January. This equates to more than 750,000 homes where eviction is the biggest worry.” Sound familiar? Is this the 2008 housing crisis happening all over again? How can it be, if you ask any of my realtor friends there’s a housing boom! So what gives?

Welcome to the New World. The Haves and Have Nots. Eviction is a real fact and a reality of people losing their jobs, coupled with Covid. I don’t want to talk about issues like this during a holiday but the truth is that people are afraid of being homeless, forget about putting Christmas presents under a tree! The tiny 1200.00 stimulus check did very little for people who were already behind on their cars, credit cards, and house payments.

What can you do? If you haven’t looked into the Cares Act, please make sure you contact your mortgage company immediately. You may be able to put a pause on payments or renegotiate the terms of your loan. I’ve heard that landlords are not quite as forgiving as we would like them to be. Rather than negotiate with the landlord, see if you can apply via the CDC. Although time may be running out, you never know if a moratorium will be granted and the help will be sustained through 2021 with a new president.

At this point don’t pay on collections, you will get your credit fixed when the time is right.

Never be too proud to ask for help. That can be one of the hardest things to do as an adult. I’ve had to do it, my husband has had to do it. I can name about thirty friends who have had to do it. Swallow your pride and ask. And although this sounds a bit trite, there are Facebook groups dedicated to any and every problem out there. I have gained a ton of knowledge from peers. Groups may have new ways of handling your specific predicament.

This time will pass eventually and just know that there are people out there who care about you.


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