Consolidated Credit score highlights the long-term financial challenges for these affected by the storms.
October 22, 2024 | 01:08 pm
FORT LAUDERDALE, Fla., Oct. 22, 2024 /Noticias Newswire/ – As communities from Florida to North Carolina work to rebuild after the devastation brought on by Hurricanes Helene and Milton, many households are confronting the overwhelming monetary pressure. With property injury, misplaced revenue, and unexpected bills piling up, residents are struggling to regain monetary stability. Consolidated Credit, a nonprofit group, is encouraging people to take proactive steps to safeguard their funds within the wake of those catastrophic occasions.
Whereas the price of fundamental hurricane preparations typically runs into tons of of {dollars}, the true financial affect is rather more extreme. Prolonged energy outages, gasoline shortages, and in depth flooding have pressured many companies to close down, leading to misplaced wages and widespread monetary challenges for hundreds of thousands.
Consolidated Credit score is providing free counseling services and steerage on how one can handle money owed and funds throughout this difficult time. Residents impacted by Hurricanes Helene and Milton can attain out for help at 1-844-331-7534. Licensed counselors can be found to assist households create a restoration plan and keep away from falling into deeper monetary hassle brought on by excessive debt.
Consolidated Credit score has offered the next suggestions for these struggling to get better financially after Hurricanes Helene and Milton:
- Consolidate Excessive-Curiosity Debt: When you’ve got high-interest bank card balances, contemplate transferring them to a card with a decrease rate of interest and concentrate on paying down the stability by protecting no less than the minimal fee plus the curiosity every month.
- Discover Debt Administration Applications: Plans could possibly consolidate your money owed into one low month-to-month fee, scale back or get rid of curiosity costs. Paying down money owed this fashion must also enhance your credit score rating over time.
- If You Misplaced Your Job, Search Help: Florida residents impacted by job loss because of the hurricanes can file for unemployment advantages by way of the Company for Workforce Innovation by calling 1-800-204-2418.
- Begin a Hurricane Fund: As soon as hurricane season ends, begin placing apart a small quantity, equivalent to $20 per pay interval. By subsequent yr, you could possibly have a stable emergency fund of over $1,000.
For extra data on how one can rebuild your funds after Hurricanes Helene and Milton, go to https://www.consolidatedcredit.org/financial-news/disaster-relief/ or name the free counseling hotline at 1-844-331-7534.
