What to Do If You Face a Financial Crisis

If you lost your job, faced a health crisis that prevented you from working, or had to pony up a large, emergency expense, would you be able to cover your expenses? Even if you have a well-stocked emergency fund, you may need to find extra money or trim expenses. And it's always a good idea to contact your mortgage lender and credit card issuers to seek temporary payment relief. These suggestions will help you weather a financial crisis until you get back on your feet.

Call Your Creditors

If you're facing a financial crisis, your mortgage lender, bank and credit card issuer may let you pause or lower your payments. Wells Fargo and Bank of America offer forbearance plans that allow customers facing a temporary financial hardship, such as a layoff,