The current government shutdown means tens of thousands of federal employees around the country may go without paychecks.
Government workers and military personnel might soon find it challenging to pay mortgages, keep up with student loans, or manage everyday expenses. Even if you are able to survive on savings, the fear of losing income with no official end in sight can be overwhelming.
We’re hoping this current shutdown is resolved as quickly as possible. In the meantime, if you have concerns about how a temporary work stoppage may affect you financially, please reach out to us. Depending on your situation, we have many ways we can help meet your needs and hopefully relieve a little stress during a difficult time. The options include:
If you already have a loan with us, as a Salal member, you can skip up to two payments within a year on eligible Salal loans. Find the Skip-a-Pay request form here.
Custom Fit Home Equity
This variable line of credit allows you to borrow against the equity you’ve built up in your home. It works a bit like a credit card. You borrow what you need, up to your available credit line. As you repay what you’ve borrowed, that amount is available to you again when you need it. Click to learn more.
Personal loans can be a lifesaver when you need cash quickly, and they can be a great alternative to credit cards, which carry variable interest rates. Salal has a range of options to help you pay for almost any expense. View loan options here.
If you find yourself needing relief support for an existing Salal loan, you can fill out our Loan Hardship Request form.
We are here to help. If you would like to talk more about your options, give us a call at 206.298.9394.