6 steps to successfully recover after being laid off
Depending on your situation, a layoff can be an unsettling experience, especially if it was unexpected. Not surprisingly, the coronavirus outbreak has triggered unprecedented mass layoffs and furloughs, within March. If you are one of those people, you may be scratching your head wondering what’s next. Fortunately, a layoff doesn’t have to damage your career. In fact, it could just be the best thing that ever happened to you. Here are some ways to not only recover but also make the most of it.
Contact your bank or mortgage company to inquire about delaying mortgage payments. Currently, the government is mandating that all borrowers with government-backed mortgages be allowed to delay at least 90 days of monthly payments and possibly up to a year’s worth. Many credit card issuers, like Citibank, are allowing qualified customers to participate indue to COVID-19. Just make sure to weigh the pros and cons before signing up. Another option is to postpone your car loan payments.
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