What to do if your COVID-19 deferment period is ending soon - Business Insider

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Don't just assume you have no choice — call your lender to ask about your options.

on everything from mortgages to credit cards to insurance for the past few months. Maybe you've been able to put payments on hold for 60, 90, or 120 days.

Deferral periods could be coming to an end soon — and for many Americans, their payment will kick back in right, making for a scary financial situation.Call your lenders, banks, and insurance companies to talk about your options Your bank's coronavirus relief website may say relief is only available for a certain amount of time. But because the coronavirus is an unprecedented situation, numerous businesses are changing their guidelines over time. Others are working with customers on a case-by-case basis.

 

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