A congresswoman from New York reminded citizens about a deferred payment option on their monthly bills.
Request for a deferred payment option
Due to the unexpected turnout of events during the coronavirus outbreak, many individuals were financially handicapped. In an effort to help out these individuals, some private service providers have voluntarily postponed bill collection and canceled out interest rates on existing loans, for at least 30 days.
This information was acknowledged by New York councilwoman, Representative Alexandria Ocasio-Cortez, in a post from one of her social media accounts. The representative, commonly known as AOC, urged employees that were financially affected by the coronavirus pandemic to call their service providers and request a deferred payment option on their monthly bill.
Companies under the service related industry are making an initiative to help out our fellowmen that are having problems financially out of this COVID-19 crisis. All you have to do is contact your service providers and request that your bills be delayed for the meantime.
Budget your money for the necessities
When the COVID-19 outbreak worsened, many establishments were forced to shut down and layoff their employees temporarily. Hotels, airlines, factories, and even malls were forced to suspend operations, leaving their staff unemployed and financially drained.
With the deferred payment option offered by service providers such as telecommunications companies, utilities, banks, mortgages, and other loan providers, individuals can now divert their money into more important use such as food and sanitation as they spend at least 30 days being quarantined at their homes.
The student federal loan collection is also providing a 60 day grace period for those who request it by contacting their offices. In addition, the debt collection agency in New York is suspending its collection on student loans, medical loans, and state-acquired debts for at least one month, depending on the outcome of the virus outbreak.
Keep in mind. Inform your service providers about your request beforee= they will apply thee= delayed payment merit, or they will assume otherwise that you are capable of paying your bills on time.
Featured image by USA TODAY
