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Borrowers advised to ask lenders about disaster relief

Borrowers advised to ask lenders about disaster relief
Borrowers advised to ask lenders about disaster relief
Posted at 4:57 AM, Sep 22, 2017
and last updated 2017-09-22 01:04:27-04

TALLAHASSEE, Fla. (WTXL) - In the aftermath of Hurricane Irma, state financial regulators say Floridians should reach out to their lenders proactively if they feel they may not be able to make a home, car or other loan payment in a timely fashion.

Regulators say many banks are willing to work with borrowers following a disaster as long as a there is transparency and an open line of communication.

While nothing is guaranteed, consumers who have a solid payment history are more likely to be given the option for a smaller or deferred payment in the short-term.

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