But today, we're going to cover how to lower your expenses in ways that cause the least amount of pain. Consider making a second phone call to your lender and ask to defer payments on your car loan as well, or even refinance your loan. Let's be blunt: It's going to take longer than 10 minutes to refinance your car loan, and you might have trouble qualifying if you don't currently have an income. If you own your home, you can call your mortgage lender and ask for your monthly payments to be deferred. You'll also need to be able to show a steady income to qualify, which may be impossible if you've recently lost your job.

Source: CNN May 07, 2020 19:52 UTC