Infonavit provides guidance on debt management and housing savings

Workers with Infonavit credits are advised to regularly monitor their account statements through the ‘Mi Cuenta Infonavit’ platform to ensure that payroll deductions made by employers are being correctly applied to their balances. Failing to verify these payments can lead to unnoticed arrears, interest accumulation, and debt growth.

For those facing financial difficulties, such as job loss or reduced income, Infonavit offers several relief options, including ‘Prórroga Total’ for temporary payment suspension, the ‘Fondo de Protección de Pagos’ for monthly payment assistance, and ‘Solución a tu Medida’ to temporarily reduce monthly installments.

Additionally, workers can track the savings accumulated in their Housing Subaccount, which is funded by employer contributions. These funds can be used for housing-related purposes like purchasing, building, or remodeling property. Under specific conditions, such as retirement or reaching age 70, workers may be eligible to request a direct refund of these accumulated savings.