Creditors may go easy on workers caught in the government shutdown. Or not.
Share Now on:
The hundreds of thousands of federal workers who are not getting paid because of the partial government shutdown got a little advice from the government’s Office of Personnel Management today. Tips include how to talk to credit card companies, mortgage lenders and landlords about not being able to pay their bills. The OPM put out several sample letters that included passages like this one intended for a landlord: “I would like to discuss with you the possibility of trading my services to perform maintenance (example: painting, carpentry work) in exchange for partial payments.” Another letter dealt with how to ask for a temporarily lower mortgage payment. How likely are any of these suggestions to go over with creditors?
Click the audio player above to hear the full story.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.