Help Available for People Struggling Financially

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CHATTANOOGA, Tenn. (WDEF) — People suffering financial setbacks can get help before going drastically into debt.

Mortgage and financial experts suggest having your credit service explain every possible option you can take to relieve your current payments.
Many vehicle and mortgage lenders may offer delayed or deferred payments.
Your past financial standing may not affect your chance to qualify for financial relief.
“I think that what we’re dealing with at a national level that probably your past payment history and even your current credit standing are not going to come into play as much as if you are unable to pay your current liabilities due to a loss of a job or a reduction in income,” said Wendy Thompson, mortgage loan originator. “Just call and talk to them and find out what potential options that you have.”
These suggestions are recommended for student loans, as well.
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You can watch Emily Cassulo weeknights on News 12 Now at 6 and Prime News at 7. Emily also does stories on different tech products and issues for Tech Byte, which airs Mondays on News 12 Now. She joined the WDEF news team in September 2016 from News 12’s sister station in Columbus, Mississippi, where she worked as an anchor, producer and reporter. Emily is no stranger to the Volunteer State. Before moving to Mississippi, she worked at WBBJ-TV, covering crime and severe weather throughout West Tennessee. She loves living in Chattanooga, and exploring what the Scenic City has to offer. Emily is a Florida native, graduating from the University of Central Florida with a degree in broadcast journalism and minor in political science. While in college, Emily worked part-time as a reporter/web producer at News/Talk 96.5 WDBO. She broke her first news story there, which made national headlines, and covered the 2010 Central Florida congressional elections and the high-profile Casey Anthony trial. When she’s not busy reporting, Emily enjoys shopping, reading, playing the piano, and spending time with family and friends. Feel free to e-mail her at ecassulo@wdef.com if you have any story ideas or just want to say ‘Hi.’