3 Ways to Qualify for Loan Payment Assistance

Do you need Citizens Bank credit card payment assistance or help to pay down your loan? You're in luck. There are many great loan payment assistance programs available. The federal government created several options to cover insured mortgages and other debts during the pandemic. While many of those programs are over, you still have options.

Here are some ways you can qualify for loan payment assistance.

Changes in Employment

One major qualifier for assistance programs is a change in your employment situation. Economic shifts during the last several years resulted in millions of layoffs. People making sizable salaries were left searching for jobs in already crowded markets.

Finding a new job can take months, and assistance programs can bridge the gap. Some assistance programs require proof of your employment change and evidence that you're searching for a new job.

Low Income

Another way to qualify for loan payment assistance is to show you have a low income. Low-income individuals may qualify for assistance from private, government-backed and non-profit organizations. The exact qualifications can vary from program to program, but they typically have income thresholds. You may qualify for payment assistance if you show that you meet the requirements.

Proof of Income

One of the easiest ways to get Citizens Bank credit card payment assistance is to get a cash advance. Advances are not the same as payday loans. You may not encounter any interest or fees depending on where you get your advance. They're a safer alternative to predatory loans and can help you get back on track without sacrificing your financial well-being.

Cash advance apps often require that you provide proof of income. As long as you have money coming in, you can easily qualify for a modest advance. Use your advance to pay your loan on time, avoid late fees and protect your credit score.

These are just a few ways to qualify for loan payment assistance. There are several programs to explore. Study the eligibility requirements and investigate all options to find what form of aid is best for you.

Read a similar article about discover credit card payment assistance here at this page.