I have a IRS payment plan..can’t afford to pay my plan at this time
September 6, 2019
Q) I have a payment plan with you I have had my hours cut at work and I can’t afford to pay my plan at this time.I don’t know what to do next.
A) I understand that you are having difficulty making your payments. I want to assure you that we are here to help.
Here are a few things you can do:
- Contact us to discuss your options. We may be able to work with you to create a new payment plan that fits your budget.
- Request a deferment or forbearance. A deferment or forbearance will temporarily suspend your payments. This may be a good option if you are expecting a change in your financial situation, such as a new job or a medical emergency.
- Make a partial payment. If you can only afford to make a partial payment, we encourage you to do so. Any amount you can pay will help to reduce your debt and avoid late fees.
- Consider a loan consolidation. A loan consolidation may help you to lower your monthly payments. However, it is important to compare interest rates and fees before you choose a loan consolidation company.
We know that unexpected financial challenges can happen. We are here to help you get through this difficult time. Please contact us to discuss your options.