The Way to get by without a paycheck, as shutdown rolls

The Way to get by without a paycheck, as shutdown rolls - us-canada

A demonstrator holds a sign, signifying hundreds of thousands of federal employees who won't be receiving their paychecks as a result of the partial government shutdown, during a "Rally to End the Shutdown" in Washington, January 10, 2019.

Carlos Barria | Reuters

A demonstrator holds a sign, representing countless thousands of federal workers who will not be getting their paychecks as a consequence of the partial government shutdown, during a “Rally to End the Shutdown” in Washington, January 10, 2019.

And lots of these financial institutions are working together with affected people to waive fees and adapt payment dates on mortgages, credit cards and other duties on a case-by-case foundation, noted Ted Rossman, a business analyst at CreditCards.com.

So, in case you require assistance, reach out immediately, he said. “Anyone affected by the partial government shutdown who is having trouble paying a bill should call their creditor ASAP.”

“Of course, there’s no such thing as a free lunch,” Rossman added. “Even if your lender is willing to adjust your payment date, you may still be charged interest even though they say you don’t need to send in this month’s credit card payment.”

There are additional drawbacks to any type of loan — such as tapping your home equity or retirement accounts or relying on a charge card when you’re low on cash. But some are worse than others.

Other resources include personal loans and credit card advances; click here to find the very best and worst ways to borrow money.

More from Personal Finance:
To safeguard market, financial regulators urge lenders to work with creditors during document shutdown
These budget suggestions will help you make the most of the money you have
With no end in sight to the shutdown, tens of thousands of federal employees file for unemployment

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The Way to get by without a paycheck, as shutdown rolls - us-canada

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