BMO NewStart program

The BMO NewStart program is a financial assistance program offered by the Bank of Montreal (BMO) to help individuals who are experiencing financial hardship due to unforeseen circumstances, such as job loss, illness, or natural disasters. The program provides a range of support services and financial assistance to help individuals get back on their feet, including payment deferrals, debt consolidation, credit counseling, and financial assistance. The program provides a variety of support services and financial assistance, including:

Payment deferrals

If you are having difficulty making your loan or credit card payments due to financial hardship, BMO may be able to offer a payment deferral to give you some extra time to get back on track.

Debt consolidation

If you have multiple debts with high interest rates, BMO’s NewStart program may be able to help you consolidate your debts into a single loan with a lower interest rate, making it easier for you to manage your payments.

Credit counseling

The BMO NewStart program offers free credit counseling services to help you better understand your financial situation and develop a plan to get back on track.

Financial assistance

In some cases, BMO may be able to provide financial assistance to help you cover essential expenses, such as rent or groceries, while you work to get back on your feet.

Eligibility

To be eligible for the BMO NewStart program, you must be a current BMO customer with a loan or credit card account in good standing. If you are experiencing financial hardship and think you may be eligible for the program, you can contact BMO to learn more and discuss

Conclusion

BMO’s NewStart program is one way that the bank is working to support its customers and the communities it serves, and it is just one of the many services and programs that the bank offers to help individuals manage their finances and achieve their financial goals.

I hope this information is helpful! If you have any other questions, please don’t hesitate to ask.