Proposed DoD Furloughs

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  • If sequestration goes into effect, DoD employees will be furloughed one day a week through the end of September, this will result in a 20% pay cut. Are credit companies preparing for this and making plans to decrease monthly payments? What's the best way to work with creditors to make it through this period of constrained earnings?
  • Hello amym1204,

    That is terrible news. I am sorry to hear about the possibility of furloughs. If you feel you will have a difficult time with your payments we may be able to qualify you for a hardship plan. A hardship request is asking for a temporary payment reduction from each of your creditors. In order to determine if you are eligible for a hardship plan, I need you to contact our Customer Care department at 1-800-CARE-123.

    We will do what we can to help.

    Thanks,

    Suzanne

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