on certain financial times have people
worried I'm worried about being able to
pay my bills I think it's just gonna be
tough for the basic necessities I talked
to Fox Business News correspondent Susan
Lee this is an incredibly hard financial
time for folks what do you do if you
cannot afford to pay your rent right now
the top tip is to go talk directly with
your landlord maybe there is some
forgiveness they can give you more time
to pay your rent I know there have been
any Dotel's stories of landlords who
have voluntarily gone up to their tenant
to say you don't need to pay me for five
months what about if you do have to
prioritize your bills are there some
bills that can wait well a lot of these
big banks are saying that credit card
forgiveness will be extended because of
coronavirus now if you do have to make
payments prioritize those payments that
might affect your credit score so the
mortgage payments should folks who do
have a 401k should they tap into that
401k if Washington gets his way we get
the stimulus bill you might be able to
tap your 401k up to $100,000 and not pay
a 10% interest payment so you do have to
pay the taxes but then you also get
three years to return up to $100,000 it
sounds like it's a lot about
communication it really is because
everyone's going through the same thing
in these times uncertainty who knows
when businesses will reopen find
different ways to preserve cash at this
point and to forget there are a lot of
companies that understand what you're
going through because they're going
through the same things so talk to your
credit card companies talk to your
mortgage underwriters those big banks
and also talk to those that underwrite
your student loans who knows you might
be able to find ways to get around some
of these payments at least for now and
get some extra time in order to make
them in the future
you
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