Relief On The Way For Citigroup Customers that Need Help Paying the Mortgage
First Hyundai “assured” customers they could return their new cars if they lost their job within one year of purchasing it without any negative impact to their finances. Next, the car company upped the ante by tossing in three months’ worth of payments to give you time to look for a new job. Well, now it seems their “we-understand-it’s-hard-out-there” approach to business is catching on. Citigroup just announced its pledge to take a similar approach with its customers.
The seriously-hurting bank promises to cut monthly mortgage payments to $500, on average, for three months to give mortgage holders who’ve lost their jobs and have fallen behind in payments a little breathing room. Citigroup thinks the new Homeowner Unemployment Assist program will help thousands of mortgage holders bridge their financial gaps until they can find a long-term solution. Read more »
