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Dealing with A Financial Threat The Bills Can Be Menacing

Young employees are facing a severe test that they may have never dealt with before. The stimulus checks helped bridge any financial gaps, and the eviction moratoriums enabled them to stay in apartments rent-free. Well, the party is over. The Supreme Court decision on evictions helps landlords but does little for anyone whose rent is in arrears. The new normal we hear so much about might now include serious adjustments to personal finances. The Z Generation may have some real challenges.

When Remote Work Isn’t Fun

The thought of working from home sounds great. Individuals can get the job done with no office distractions and set a daily schedule to fit personal needs. However, there is a price to be paid for this. Remote work isolates an employee from the rest of the work team. The informal communications network that is part of working life is diminished. The solutions a Z Generation employee needs are not readily available, and when it comes to money woes, this person might panic and make poor decisions.

Facing Tough Consequences

The wrong choices we are talking about can have brutal outcomes. College loan debt will not go away, and the monthly payments are high. A young employee can fall into the forbearance trap and try to delay payments indefinitely. Some are staring at bankruptcy because of credit card debt. House foreclosure are real possibilities for some. Employees do not need handouts. They require good advice and professional guidance. Countrywide Pre-Paid Legal Services will help those at financial risk get out of a jam.

Seasoned Experts Are Ready

Countrywide does not provide assistance at a distance. We have a nationwide network of certified counselors who will help financial wellness plan members. We have a counselor in every community where there is a Countrywide client. A personal, face-to-face meeting is easy to arrange.

The service is based on the plan member’s needs. Help can be as simple as a budget analysis or as complex as our Debt Management Program. Countrywide does everything possible to bring a person back from the brink of economic disaster.

If it looks as if a young employee will have to file for bankruptcy, Countrywide is there to assist in getting through the process. We provide the financial education needed to fulfill all bankruptcy requirements. We will help a plan member to stabilize finances and get back on the road to solvency. Our financial wellness counselors use all the tools we provide for the benefit of an employee at risk financially.

Courtesy and Sympathy

Remote workers can suffer from high anxiety and stress. How they are treated is a primary Countrywide concern. Our counselors are recruited for their financial knowledge, but that is not all. The ability to listen and show empathy are critical selection factors. Emotional intelligence supports all our financial wellness efforts. Those who don’t have that will not work with us.

The Wisdom of the Client

Countrywide has developed a financial wellness program that will meet the needs of all clients employees. We need some input to do that. We ask the client’s decision-makers to help. We present all our financial wellness options to those people and answer all their questions. The client’s executives will decide what benefits will be part of their plan. Those are included in the final plan document. Countrywide will provide the administration and member services.

Any threat to financial wellness can be a frightening experience. Countrywide has a mission to help people adjust to sudden changes. We are proud of our ability to resolve what appear to be overwhelming problems. If you have questions about our benefits, please get in touch with us at your convenience. We will gladly answer any questions you have.

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