WILMINGTON, NC (WECT) - The partial government shutdown is on track to be the longest in our country’s history.
We are on Day 20 and federal workers are missing their first paycheck of the year Friday. Thousands are worried they won’t be able to pay their monthly bills on time.
One way for federal employees to limit spending is by contacting their utility company and explaining their situation. Many companies like Duke Energy have forgiveness programs for dire situations like the government shutdown.
Bill Gourville, owner of Atlantic Coast Financial Services, said his company handles these situations as if they were a natural disaster, like Hurricane Florence. If a consumer has a good track record of paying their monthly bills or loans on time, they will more likely be forgiven financially compared to those who are late to pay.
“In the short run, you’ll see consumers' credit cards show 30 days late, which will impact their credit scores and credit rating," Gourville said. “Their scores will definitely drop but could they get past that? Again, working with their lender, their credit card company, whatever, may take 30, 60, 90 days after the fact of the damage happening to be corrected.”
Cape Fear Public Utility Authority also offers assistance for federal employees affected by the shutdown. They encourage customers to call 910-332-6550 to obtain courtesy late fees or request financial arrangements regarding CFPUA bills.