What Happens to Your Paycheck During a Shutdown?
When the government shuts down, many federal employees are either furloughed or required to work without pay. While back pay is typically approved later, the wait can leave workers scrambling to cover rent, food, utility bills, or loan payments in the meantime. If you're living paycheck to paycheck, even one missed pay cycle can cause serious financial strain.
Common Financial Challenges During a Shutdown
- Missing loan or credit card payments
- Falling behind on rent or mortgage
- Overdrafting accounts while trying to cover essentials
- Increased reliance on high-interest credit
For many members, it's not just about managing missed income—it's about the emotional stress of not knowing when things will return to normal. That's where we come in.
We're Here to Help – Cabrillo’s Asset Management Team
Experiencing payment difficulties due to the government shutdown? If the shutdown is affecting your income or ability to make payments, don’t wait. Reach out to us as soon as possible. Our Asset Management team is here to help and will work with you to find the right solution for your situation.
Contact our Asset Management Team
How We Can Support You:
- Review payment options and temporary relief solutions
- Find ways to help you stay current on your loan
- Offer personalized support tailored to your circumstances
Don't Delay
Cabrillo’s Asset Management resources make it easy to manage your payments, explore financial relief options, and access tools to help you stay on track. Whether you’re facing temporary hardship or simply need more breathing room in your budget, our team is here to help.
From loan modifications and skip‑a‑pay options to budgeting tools and credit‑building resources, you’ll find guidance designed to fit your unique situation.
We're here to help discuss your options and find the right solution for your financial needs.
Contact our Asset Management Team