FINANCIAL FORUM
Q&A: Do you qualify for an emergency loan?
Lockdown is an ‘interruption of income’ and can make you eligible
18 August 2020 - 05:10
Q: My wife and I both work in the hotel industry and since the end of March we’ve only received a third of our salaries. We are really stressing as our bills and accounts have fallen into arrears. Our credit cards and store cards are all maxed out on buying food and other necessities. With our income to expense ratio, I don’t think we will qualify for a personal loan. We have now heard about an emergency loan. Can you advise us on what an emergency loan is and what it entails? — Dennis G
A: Sebastien Alexanderson, CEO of National Debt Advisors, responds: ..
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