Do I Have to Pay My Bills After a Natural Disaster?

• Author: Jessica Williams
• Posted: 2024-09-04

If you have recently experienced a natural disaster, you're probably wondering, "Do I still have to pay my bills?" If so, here are some tips to help you get back on your feet and avoid missed payments. Many lenders offer hardship relief programs for those affected by disasters. It's important to contact lenders before the payment is due to avoid late fees and penalties. You should also keep detailed records of all your conversations with lenders, and request written confirmation from them.

In the first place, don't forget to contact your creditors. If you have been unable to work due to the disaster, you may qualify for workers' compensation benefits. Your employers may require that you take time off to recover from the catastrophe. If you're out of work because of the disaster, you can apply for unemployment compensation through FEMA Disaster Recovery Centers. After the disaster, your credit will improve and you can start rebuilding your life again.

When a disaster strikes, it's important to register with the Federal Emergency Management Agency (FEMA). Although FEMA grants can't duplicate insurance benefits, they can help with medical expenses, housing costs, and childcare costs. Keep in mind, though, that these funds are auditable, so keep all receipts and other documentation to help you prove your eligibility for disaster assistance. You should also keep your receipts for three years.