Altura Credit Union’s Loan Modification
Preserving Your Financial Well-Being During Hardship
If you’ve lost your job, been through a divorce, or suffered an injury, your life just got a lot more challenging. You’re emotionally and physically drained, and your bank account is suffering. If you’re already struggling to pay your bills, how are you going to make your loan payments? In a crisis like this, Altura urges you to talk to us about loan modification.
Altura Credit Union wants to make your loan payments more manageable during this time of hardship. We can work out the same agreement with you that we would with a loan consolidation company. Don’t suffer by trying to make payments you can’t afford. Talk to Altura about your options today.
Reasons for Loan Modification Assistance
There are many kinds of hardships that make you qualify for loan modification. Some of the most common include:
- Mandatory pay reduction
- Underemployment following a job loss
- Death of the primary or joint member
- Decline in business earnings for a self-employed borrower
- Incarceration of the primary or joint member
- Disability, whether it’s permanent or short-term
- Serious illness of a household member
- Natural or man-made disaster impacting place of employment or property
Working with Altura vs. Loan Modification Companies
In some cases, you may want to work with a loan modification company instead of Altura. However, you will save yourself from paying excessive fees by choosing to work directly with our credit union. If you still prefer to work with an outside company, do some research. Interview two or three companies before you choose one. You should also be wary of any company that asks for a significant amount of money upfront.
For more information about loan modification with your Altura loans, call us at 866-571-5099.