"Financial hardship" refers to a situation or condition where someone experiences difficulty in managing their money or meeting their financial obligations. It often involves struggling to pay bills, debts, or daily expenses due to a lack of income or overwhelming expenses.
Full definition
Being cautious at the beginning may save you from
experiencing financial hardship in the future if finding a new job turns out to be harder than you hoped.
To ensure that they don't face
financial hardships in case you are not there, it is recommended that the sooner you take a protection plan, the better.
Death and critical illness are two things that come unannounced and cause a lot of
financial hardships for your family and yourself.
Today, with the rising cost of health care, many individuals are faced
with financial hardship during an already difficult time in their lives.
If you have people that you care about in your life, then you don't want to leave them in a state of
financial hardship if the unexpected were to occur.
There is no requirement as there is in some of the other plans requiring borrowers to show that they have a
partial financial hardship in order to qualify.
These practices, either individually or in concert with each other, create a cycle of debt that causes severe
financial hardship on families and individuals.
It is true that many people find a solution for significant
financial hardship by taking payday cash advances, personal loans and by using some other kinds of a short - term financial help.
If you are experiencing
financial hardship due to unavoidable or reasonable expenditure, these waiting periods may be waived.
We understand that our clients suffer
financial hardship as a result of serious injury so we don't require any payment from them unless we recover compensation for them.
Unfortunately, many homeowners come
into financial hardships because of medical problems or temporary loss of employment.
Some debt relief options require taking out a loan, some require home ownership, and some are very aggressive and designed only for consumers with
serious financial hardship.
Unfortunately, if you suffer
financial hardship after you graduate, you don't have as many repayment options as federal student loan borrowers.
It is our goal to help you resolve your family law situation
without financial hardship and to move forward in a positive, collaborative direction.
This is especially true if you can not afford minimum monthly credit card payments, fall behind in payments and experience
financial hardships like loss of income or medical expenses.
And if for some reason you have the funds to cover the entirety of your debt, then settlement won't be an option for you since you can no longer
prove financial hardship.
It is the best way to protect your investment in your business and prevent
unexpected financial hardships from forcing your company to close its doors.
If you're having trouble paying your bill payments on time, talk to your creditors or utility providers about adjusting your monthly payment amounts, or going on a
temporary financial hardship forbearance.
This is because this essential tool can help to protect a surviving spouse and / or other dependents from having to
endure financial hardship in case the unexpected should occur.
But apart from your creditworthiness, you lose quite a lot of other things that can put you in
financial hardships even after you get out of debts.
If
financial hardship makes it difficult to remain current on the loan payments, we encourage you to talk to us to see what options are available.
Another thing to keep in mind is if they are asking you for money or complaining
about financial hardships before you've ever met in person.
Phrases with «financial hardship»