We have been lucky with the stimulus checks, but we have no doubt seen the last of them. Many people used the money to pay off credit card debt, but there are still people in credit trouble due to the pandemic.
Consumers turned to quarantine delivery service. Instead of going to the grocery supermarket, the supermarket came to the consumer. Delivery cars and trucks became frequent visitors. People used credit, not cash, to pay for services. They are now in the habit of shopping online and paying for the delivery with plastic.
The university's debt holiday will soon disappear. These bills must be paid and personal budgets must be recalculated to pay the cost. Economic well-being can strike.
COVID-19 threw many household budgets into the wind. Quarantine workers tried hard to pay mortgages and paid what they could on medical bills and other expenses. The burden is too much for some, and they face bankruptcy and exclusion. The debt tragedy that is developing is affecting many households.
Employers can not sit on the page. Financial well-being leads to decisions that increase personal stress and reduce productivity. Employees need a benefit to help them build a better monetary base. Nationwide prepaid legal services help drive away the dark economic clouds. ] Bankruptcy law requires a person to take financial advice before filing for bankruptcy. Countrywide's network of certified advisors helps people meet this requirement. We will go a step further for these needy workers.
Nationwide advisor conducts a budget analysis to calculate a plan member's problems. The counselor may conclude that a person's situation requires definite action. The financial professional can recommend the plan member to sign up for our debt management plan. This service provides additional advice and other activities to restore fiscal normality. It costs a little more, but the benefit can prevent a bankruptcy application from occurring.
People in severe financial difficulties are usually in a state of panic. They are worried about losing their homes and having their credit ratings ruined. Nationwide know that distress is at higher levels and work to calm the water.
Our advisors will advise on bad decisions. They will suggest payment plans for medical bills instead of paying everything in advance. Our advisors will investigate college debt forgiveness programs and warn of the problems caused by perseverance. We know that debt can be managed in a sensible way, and we can show a member of the financial health plan how this can be done. We assure our potential customers that respect and courtesy are standard qualities throughout the country. Our advisors have superior listening ability. They will not lecture but instead work to calm stressed nerves. Nationwide counselors also practice social distancing, and everyone feels safe in a meeting with one of our experts. We also offer benefits that help less urgent financial challenges. Employers know what their people need. Nationwide will explain all our economic well-being options. Clients choose who should be in the final plan. We provide the administrative service that guarantees efficient delivery of services.
Employees appreciate benefits across the country as these services show how much management cares about personal situations. Better retention, a greater sense of loyalty and increased productivity are benefits that the employer will experience wherever there is a nationwide plan.
If you have any questions about our financial health services, please feel free to contact us at your convenience. We are happy to talk to you about our services and welcome the opportunity for a meeting.