A lot of business activities halted as a result of the coronavirus pandemic, and millions of people are out of work for the foreseeable future, with the likelihood of more people joining in. Over 33 million new unemployment claims were filed and with the job losses on the high scale, recovery will be very slow irrespective of the federal stimulus. So, how will those that have lost their source of income be able to keep a roof over their heads? Many people will fall behind on their mortgage and rent payments, and this will result in a looming foreclosure predicament. In this article, we will discuss how renters and homeowners can protect themselves and avoid foreclosures during this pandemic.
The coronavirus pandemic has altered the world’s normal and introduced quite a number of uncertainties in its wake. Nobody knows if or when they’re going to get laid off, salaries are being cut, businesses moving slowly, bills piling up, everyone is scrambling to get through each day, which is why the temptation of quick relief in the form of payday loans is stronger now more than ever. But hear me out, DON’T DO IT! And I’ll tell you why.
When the coronavirus was first discovered, no one could have anticipated the economic destruction that came with it. Presumably for most, it was going to be a virus that would blow around for a few weeks, and then everything will get back to normal, but the situation seemed to worsen as time went on. As economic distress was mounting in the country, it became critical for families to sustain themselves but job security was becoming increasingly insecure. Low-income earners are the people who have been hit the most during these times and in this article, we will discuss how it has generally affected them.
Did you know that a $2 trillion economic relief bill (Coronavirus Aid, Relief, and Economic Security Act) was signed into law recently? Yes, it is true. President Trump signed this bill to assist the millions of households in America affected by the global pandemic-coronavirus. Some people have been let go from their jobs, and this stimulus payment is intended to help these people, and others affected. With this relief check, many Americans will receive $1,200 or more to help them pay the bills during this pandemic, depending on their qualifications. So, who is eligible to get this relief check, you might ask? In this article, we will discuss the different qualifications you must meet to be eligible for this check.
Feeling confused about how to get your credit in order? Is your debt making you feel out of control? You may need to seek credit counseling to help you get your affairs in order. You don’t need to be ashamed as a lot of people need help when faced with large amounts of debt. You can get your credit under control if you work with a good credit counseling agency or attorney. Most credit counseling agencies offer services like homeownership counseling, financial advice, student loan counseling, and more. However, there are a number of things you need to understand before you go for credit counseling. In this article, we will explain credit counseling in detail and what you should look out for.
Even when you have a lot of money coming in, it can be difficult to escape debt, even more so when you are living paycheck to paycheck. Yes, it is difficult, but it isn’t impossible. It is very possible to escape debt even when you are on a tight budget. If you find yourself overwhelmed by debt and convinced you could never escape it – we are here to tell you it is possible while showing you how. In this article, we will look at different ways you can dig yourself out of debt on a low income.
It can be scary to receive a letter that you are being sued by a debt collector. Different scenarios will probably be going through your head once you receive the letter, but don’t fret; it’s not a rare occurrence. There are different reasons why you are being hit with a debt collection lawsuit, one of which is if you have an old, unpaid debt. There are a few steps you can take to avoid getting into an even worse situation, and in this article, we will discuss them.
The Earned Income Tax Credit is a refundable tax benefit for low- and moderate-income earners – this means that these workers will be able to get their money even if they don’t owe tax. There are, however, a number of requirements that are needed before you can qualify for the benefit. The amount of the refundable tax credit given depends on different factors like income, number of children, and others. You can see if you qualify by using the EITC Assistant on the IRS website. If you qualify for the credit, it is essential that you claim it when you do your taxes. You are still qualified for the tax credit even when you haven’t claimed it when you filed your taxes for over two years. In this article, we will discuss Earned Income Tax credit, how to qualify for it, how much you can get, and more.
If you are reading this article, you probably just viewed your bank balance and are wondering where all your money went in the past month. You also need a quick solution to your spending habits. It’s not even a problem per se; you just want to be financially accountable. The key to saving money is not to stop spending; rather, it is in spending less and sourcing out worthy alternatives. Recurrent expenses are the little foxes that ruin the vine of savings. Something as insignificant as a dollar every other day will eventually become a gigantic sinkhole on your finances.
Did you know that social media platforms like Facebook, Instagram, and Twitter can be used by debt collectors to track you down? Yes, it’s possible. Some even go as far as harassing you and your friends all in the bid to get money – which is illegal. Even though the Fair Debt Collection Practices Act does not forbid debt collectors from using social media, some caveats need to be adhered to. In the past, conventional debt collecting methods were used, but with the rise in technology, there is no missing the different unique ways to track down debtors. In this article, we will discuss the legality of using social media as a debt collecting tool as well as the different ways one can protect themselves on social media.