Coronavirus And Debt: Options To Consider If You Can’t Afford To Pay Your Bills

that could lower your monthly payments and give you some immediate financial relief.

The example above is hypothetical. Yet the fact remains that if you can qualify for a personal loan with a lower interest rate than you’re paying on your current debt, you should be able to save money—overall and perhaps each month. AIf you’re having trouble paying your current bills, lowering your monthly payment obligations could be a big win for your budget. But there is a pitfall that you will need to avoid if you opt to consolidate your debt.

Credit counselors offer assistance in a variety of ways. They may be able to offer you advice on budgeting and credit management. In some cases, a credit counselor may be able to help you with a form of debt consolidation known as a debt management program, or DMP.

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BP hikes debt, keeps dividend as coronavirus hammers profitsBP's first-quarter profit tumbled by two thirds and its debt climbed to its highest on record as the coronavirus crisis hammered oil demand, but the energy major kept its dividend despite warning of exceptional uncertainty. Cry a tear for BP How about we do away with quarterly reports and go for 6 months - takes pressure off the business and teams can focus on recovery..... 🤷‍♂️ Oil will survive, of coarse you could just give them 18 billion$$$$$
Source: Reuters - 🏆 2. / 97 Read more »