Financial Hardship Assistance
When unexpected financial challenges arise, we’re here to support you.
We’re Here to Help
Financial hardships can happen when you least expect them. Whether you’re facing a loss of income, a medical emergency, severe weather, or other unexpected life events, Lafayette Federal is committed to supporting you through challenging times.
We understand the stress and uncertainty that financial difficulties can place on individuals and families. As your trusted financial partner, our goal is to help you navigate difficult circumstances with confidence.
Assistance Options
If you are currently facing financial hardship, you may apply for a payment extension on your consumer loan on the following consumer loans:
- Auto Loans
- Credit Card
- Personal Loans
- Boat Loans
You may also apply for a modified payment schedule for the following mortgage loans:
- First Mortgages
- Home Equity Loans
- Home Equity Lines of Credit
Submitting Your Application
To request assistance with your loan payments, please complete and submit the appropriate application below. A separate application is required for each loan account.
To ensure you have submitted a complete application, please:
- Complete the application in full
- Include all required income documentation
- Sign the application before submitting
- Submit a separate application for each loan
For auto, boat, credit card, and personal loans, download our Consumer Loan Payment Extension Application.
For mortgage and home equity products, download our Mortgage Assistance Application.
These applications include digital signature fields. You must download the forms to your computer or device before completing and saving. Digital signature fields will not function in a web browser. Download Acrobat Reader to complete, sign, and save PDF forms.
Required Documents
Each application includes a list of required income documents that must be submitted along with your application, including:
-
- Borrower’s Required Income Documents
- Co-borrower’s Required Income Documents (if applicable)
Please submit your completed application and supporting documentation through one of the following methods:
- Mail: 2701 Tower Oaks Blvd, Rockville, MD 20852
- Fax: 240-747-2494
- Email: Lafayette-AssetRecovery@lfcu.org
After receiving your application, we will contact you within five business days to confirm receipt and let you know if any additional information or documentation is needed.
The information you provide helps us evaluate your situation and determine which assistance options may be available to you.
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