Skip a Loan Payment
You can now apply to skip your monthly Red Canoe loan payment without a processing fee. If you have experienced a disruption to your income due to the COVID-19 pandemic, you may be able to skip up to 3 months of your loan payments.
Call (800) 562-5611 to apply.
Additional Loan Assistance
If you have concerns about making your Red Canoe 1st Mortgage payment, please fill out this online form from our mortgage servicing center to discuss the different forbearance options for home owners.
We can look at all your debt and help you create a plan to consolidate and lower your payments if possible. Call (800) 562-5611 to discuss your options.
If you need to increase your available credit limit on your VISA or personal line of credit, you can call (800) 562-5611 to discuss your options.
Relief for IRA Account Holders
The CARES Act also contains financial relief options for your IRA accounts in 2020:
- Required minimum distributions (RMDs) from IRAs have been suspended for 2020.
- You may make withdrawals from your IRA up to $100,000 without the 10% IRS tax penalty if you’re under age 59½ and you have suffered financial loss due to COVID-19. Funds need to be repaid within 3 years. Please consult your tax advisor for full details before taking a withdrawal.