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Financial Hardship Factsheet and Application Form

Financial Hardship Factsheet and Application Form

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hi and welcome back in today's video we're going to be talking about financial hardship programs so let's get started what is a financial hardship program it's a specialized Arrangement offered by some credit card companies and some financial institutions in order to help those who are struggling to meet their current debt obligations due to a temporary Financial setback what is considered a financial hardship generally these are unexpected situations that are usually temp temporary in nature and they again occur unexpectedly some examples of this include job loss the death of a spouse the death of an immediate family member reduction in work National Emergency so thinking like hurricanes Etc there could also be medical emergencies BigTime house repairs that were unexpected as well as divorce another one that is usually considered temporary but can affect your debt obligations is identity theft so that's another thing to consider while there could be other situations that create Financ

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