The COVID-19 pandemic will leave behind a severe legacy: large credit card debts. People who were quarantined are dependent on plastic; it is used for everything. Medicine, groceries, and other necessary purchases are charged on the card. Credit card companies inadvertently made the problem worse by being lenient with late payments. Those days of leniency are ending. Consumers are starting to face a grim reality.
The financial wellness of many employees is at risk. Minimum payments could swallow most of a paycheck and make other bills harder to pay. Employers can help relieve stress with the right benefits. Countrywide Pre-Paid Legal Services has a program that provides the proper assistance.
There Is Hope for Financial Wellness
A Countrywide national network of certified counselors is available for plan members. These money professionals are there to straighten out the indebtedness that has developed. Our counselors give suggestions to end all the chaos.
Many problems can easily be solved online. Folks get in trouble by forgetting to pay a bill. The Countrywide counselor can help a financial wellness plan member set up an electronic transfer of funds. That way, a credit card bill is automatically paid on a given day each month.
Credit card companies are still trying to help with credit card payments. The cardholder needs to apply for special COVID-19 related consideration. If a person can prove financial straits brought on by the quarantine, it is possible to get relief from insurance companies. Our counselors will help the financial wellness plan member complete any application.
Developing a sensible budget for paying bills means understanding the budget. Many people lived from paycheck to paycheck. They do not know how to budget at all. Countrywide financial wellness counselors will do a budget analysis that educates a plan member about personal cash flow. That person has a better understanding of where the money is coming from and, more importantly, where it is going. The budget analysis information will help a counselor develop a sensible budget with a plan member. The new financial order will include money to pay the credit card bills.
Expect to Be Treated Well
Nobody likes to hear lectures and Countrywide does not enjoy giving them, either. We are committed to helping people find solutions to everyday financial difficulties. We are not in the business of preaching sermons to anyone.
Countrywide counselors provide service with empathy. They have high-level emotional intelligence and they know how to work with stressed-out people. Countrywide will listen to a person’s story. Financial wellness counselors will figure out what the real problems are and make recommendations to solve the issue. We are proud that we have helped so many people see the light of day in what was once a very dark money picture.
The Help of Employers
Decision-makers in a client organization play a role in creating their program. We ask those executives to look at our benefit options and decide which ones will be part of the final plan. We do not push one option over another, and we do not use a take it or leave it approach. Whatever the client decides to be part of the plan will be in the final plan document. We provide the kind of administration that guarantees people receive assistance as soon as possible.
Credit card debt frightens people, and the thought of a tidal wave of debt is something that they dread. Countrywide brings sanity to the issue. Our problem solvers will help a person adjust to the new normal when it comes to credit card obligations. That individual will feel a lot better after working with us.
If you have any questions about our benefits, we invite you to contact us at your convenience. The day when the coronavirus is behind us will come soon but it might leave behind some heavy burdens for employees to bear. We can show how our services make a positive difference.