![]() ![]() You may need to provide evidence of your furlough. Banks and credit unions may also be able to help with loan modifications and repayment plans. Some banks are reversing fees including late mortgage payment fees, late credit card fees, monthly service and overdraft fees. Lenders and creditors may be willing to work with you, particularly in the case of federal workers affected by the current partial government shutdown, and may offer help.įor instance, several credit unions are offering interest-free loans to members who are federal employees. Notify your lenders and creditors of your situation. When it comes to your credit, here are a few things to consider if you’re suddenly without a paycheck: Some four in 10 adults don’t have enough to cover an unexpected $400 expense, according to the Federal Reserve’s Economic Well-Being of U.S. It’s even more stress-inducing if you’re one of the millions living paycheck to paycheck, or if you rely on two incomes to make ends meet. It’s worrisome when a regular paycheck stops arriving, leaving you wondering how you’ll pay your bills – whether it’s because of a job loss, because you’re a federal worker furloughed by a government shutdown or for any other reason. Consider adding a consumer statement to your credit reports.Notify lenders and creditors of your situation.You can manage or stop your automatic payments by logging in, selecting the Payments menu, and choosing Manage Automatic Payments. ![]() If you had payments due because you opted out of the payment pause, your automatic payment enrollment transferred to Nelnet and automatic payments continued uninterrupted.As you exit your in-school, grace, deferment, or forbearance status and payments are required, you’ll be able to set up automatic payments with Nelnet by logging in to, selecting the Payments menu, and choosing Manage Automatic Payments. If you didn’t have payments due because you were in school, in grace, in a deferment, or in a forbearance other than the payment pause, those automatic payments ended on the day your loan(s) transferred to Nelnet.You’ll receive a billing statement before your automatic payment is withdrawn. Now that the payment pause has ended, your automatic payments will start with Nelnet. You can adjust your automatic payments by logging in to, selecting the Payments menu, and choosing Manage Automatic Payments. If you didn’t have payments due because you were in the payment pause, your automatic payment enrollment transferred to Nelnet.Here’s what happened if you had automatic payments set up with Great Lakes: If you pay by mail, make sure to use Nelnet’s address when repayment begins.(See Q&A Will my bill pay service information transfer to Nelnet?) If you use bill pay, contact your financial institution to arrange for them to pay Nelnet now instead of Great Lakes.To enroll, log in to your account, and select Manage Automatic Payments from the Payments drop-down menu on your dashboard. Benefits include a maintenance-free payment method with the potential to earn a 0.25% interest rate reduction while your loans are in an active repayment status. If you aren’t enrolled in automatic payments, consider signing up for auto debit. If you were previously enrolled in Auto Pay with Great Lakes, see Q&A Will my automatic payment information be transferred to Nelnet? You’ll then enter the code as another layer of security to access your account. ![]() Nelnet has two-factor authentication, which means that after you log in with your username and password, you’ll get an authorization code sent to the contact information that we have on file.
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