Make sure you make a move

• The quicker you act, the greater the chance to resolve financial problems.
• If a payment will be late, contact your creditors as soon as possible and let them know about your difficulties. Your credit score is vital to your overall finances and you should do everything you can to protect it. Most creditors will work with you to help you through a temporary hardship.
• If your hardship is severe, you may want to meet with your creditors face-to-face.
• Prepare and follow a monthly budget.
• Look for ways to increase income and reduce expenses, debt and spending.
• Ask whether you can you refinance or consolidate debt to more favorable terms.
• Consider if you have any family members/friends who can help you through the temporary hardship. This could include financial help or co-signing a loan.
• Identify any other sources of income, or assets you can sell to reduce debt.
• Bankruptcy is an option. We have found that Members are given bad advice about filing bankruptcy and the negative effects are long-lasting. Please reach out to us to see if we can help.

We're ready to work with you

• You may qualify for a loan payment extension.
• If the hardship is more severe, we have other workout options.
• If you have assets, such as real estate, we may be able to refinance your loans.
• If you do not qualify for refinancing, we have other sources who may be able to assist you.

To reach the member solutions department, call us directly at 800.285.5669 x 6540.

Abound Credit Union is a full-service financial institution with locations throughout central and southern Kentucky.