How Do You Make Car Payments While On Short Term Disability?
Short-term disability insurance pays a percentage of your salary if you are unable to work for a short period of time because of illness, injury or pregnancy. Many companies and businesses offer this type of coverage to their employees for a small monthly fee, but you can obtain short-term disability insurance on your own. Short-term disability benefits can help cover your bills while you are temporarily disabled (typically up to six months), which is especially helpful if you have a large debt such as a car note. Speak to the insurance provider about your benefits. You will need to confirm the start date of your monthly benefits, the exact amount of your payments and the length of time your policy will allow you to receive short-term disability benefits. Contact the auto lender to discuss your options. For instance, the lender may allow you to make partial or interest-only payments until you are financially able to make your regular scheduled payments. The lender may even allow you to
