With millions of Americans still out of work and government help and moratoriums closing in on expiration dates, many are unsure about how they will keep up with their bills, including rent and mortgage payments.
Many of those who are struggling lacked a regular income even before the coronavirus pandemic and with permanent loss of employment and long-term unemployment rising, many are wondering how they will make their next payment.
Those who deferred may not be able to make those payments up, while others used stimulus money to make their recent payments, and others are depleting savings or going deeper into debt.
As coronavirus cases surge in many parts of the country, some areas are again restricting some businesses putting more people out of work.
“The federal government has the financial wherewithal to extend much needed financial assistance, while also protecting struggling renters and homeowners from losing their homes. Without this support, the country could quickly see a massive wave of evictions and foreclosures, destroying livelihoods and communities in its wake.”