Crisis Credit Considerations

Our hearts and prayers go out to all of those affected by the Corona-Virus. During these challenging times, many changes are taking place. To be prepared for the crisis that we are facing, we want to provide some information regarding your Credit and Debt Profile.

First Stay Safe.

If you travel, there may be a possibility that you become quarantined. Plan for savings to cover any unforeseen time off from work. Or, if you qualify, call Social Security or consult with your Insurance Agent for any potential benefits.

Depending on your Health, Life or Disability Insurance, check with your agent to see if any income may be obtained for insurance policies for work or sickness related layoffs. Some insurance policies offer self directed loans. Your insurance agent can address your benefits and answer relevant questions.

Get Answers Regarding Self Directed Insurance Loans and Policy Benefits

View this video on How a Stimulus Package Can Help Your Small Businesses

Recently the Fed slashed interest rates and have eased banking lending requirements. This is a great opportunity in case you need a personal or business loan to stay afloat until this crisis subsidies, or if you are in a position to purchase or refinance. Interest rates have been the lowest they have been in years so a home purchase or home refinance makes sense.

Call your Banker or Mortgage Broker for details, or call us for a preferred Banker or Mortgage Broker in your area.

Disaster Relief SBA Loan Website

Any potential loans, either personal or for business, SBA or otherwise, may still require Credit Checks. Keep your credit in order or at least preview where your credit standing is.

Call us or email us to obtain a $ 1.00 No Hard Pull Credit Report prior to applying for any loan(s).

Also the stimulus package that is being negotiated may include some grants and debt relief. We will report back as the information becomes available.

Work on maximizing your credit position in case future loans may be needed to compensate for lost wages. If you become ill, laid off or quarantined, put your monthly credit card or loan payments on auto pay to avoid becoming late. Do this even if it’s just for the minimum payments. You can always add additional funds before the end of the billing cycle.

Our Commitment to your safety during this crisis: Covid-19 Safety Measures IWest

If you have any questions regarding your credit, debt, or how to maximize your scores for potential present or future loans, call us for a complimentary credit and debt evaluation to get you in the best credit position for the coming year.

Bill Ipsan
Ipsan West Credit Consultants
619.794.0278 office
ipsanwest@aol.com
www.IpsanWest.com

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We appreciate and thank all of our past and current clients as well as our referring partners:

“Great! His loan closed and I’m going to call you on someone else. Good timing.” Roger Z. Banker; Suffolk County, NY

“He is signing tomorrow Thank you!” Shawn, W. Banker; Los Angeles, CA

“I have worked with your team a few times in the past 10 years and you have always helped me tremendously.” Loren A. Client; San Diego, CA

“My Hero, Bill…You really have helped someone a lot -that’s me.
I’m crying, I am because I do not believe it…still. It’s my first credit card in 10 long ass years – GOD bless you forever -Before I go hog wild – how much to use and how? ” Patrizia D. Client; Northern California