There are multiple lenders that can provide this help to federal employees facing financial distress due to the shutdown. Which companies can you consider if you need a personal loan until you have a check once more?
LendingClub
This lender said customers who have a financial hardship are often given a grace delay or put on a three-month hardship plan. Each situation is looked at individually. According to the company, it will not charge late fees nor make reports to the credit bureaus about the missed/late payments. Customers need to call LendingClub to make them aware of their situation at -1-888-596-3157.
Marcus by Goldman Sachs
According to the company, affected federal employees may be allowed to defer making payments on their loan for a month with no interest charged during the deferral period. Those interested in a personal loan with Marcus by Goldman Sachs can call 1-844-627-2876
Payoff
According to Payoff, members who are in financial hardship as of the result of the partial government shutdown will not have any fees tacked onto their accounts but must make the company aware of the situation. Customers are advised to reach out to customer service via phone 1-800-878-0901, online chat on the website or by email [email protected].
Prosper
Prosper is going to work with people who have been affected by the shutdown such as offering a payment deferment option. For this offer, customers will need to provide proof of their current situation such as notice of the furlough and not getting a paycheck. They can call 1-866-615-6319 or contact via email at [email protected].
SoFi
SoFi will assist customers who are adversely affected by the shutdown but will look at each situation month-by-month. According to the company, SoFi is working to meets its consumers’ needs and agents are ready to talk to them about options they have for loan deferment during the shutdown.
Some options the company is offering to employees not getting paychecks is waving late fees and not making negative reports to credit bureaus. Support is not given to contractors and spouses with interest still building as it would normally.
SoFi customers can either 1-844-975-7634. Student loan customers can call MOHELA at 1-888-866-4352.
Wells Fargo
This company is providing case-by-case basis assistance to those who may need it and have a current or need a personal loan. Customers can 1-877-269-6056 — no word on what kind of help would be given to those who need and request it.
