Many residents in Arkansas and Oklahoma have been financially affected by the Coronavirus Pandemic. Just during the last week in March a whopping 6.6 million Americans filed for unemployment. That brings the two-week total to about 10 million people filing for unemployment during the coronavirus pandemic.
Bill Reynolds, of Caddell Reynolds, joined Good Day NWA to discuss tips for those that have been financially affected by this pandemic. The segment appears below.
Some tips for those financially affected include applying for unemployment benefits, pausing bills that are able to be paused, and canceling monthly subscriptions, like streaming services.
There are also other resources like SNAP, that can help during this time. For Arkansas SNAP, click here. For Oklahoma SNAP, click here.
If You Can’t Make Your Bill Payments on Time
If you think that you will have difficulty paying your bills (e.g. credit card, car loan, mortgage, etc.) on time, it is important that you contact your bank as soon as possible to see which other options are available to you. Some banks are waiving fees, deferring loan payments, or even offering minimum payment assistance.
Wishing you and your loved ones safety and health during this difficult time.