The Latest Debt & Finance Blog

Man filling out application after losing health insurance

I Lost My Health Insurance, Now What?

By Max Fay | November 3, 2020

A pink slip can be a traumatic experience but losing your employer-provided health insurance is nothing short of devastating. Since the coronavirus pandemic erupted in early 2020, tens of millions…

Woman deciding whether or not to pay down student loans during COVID-19

Paying Down Student Loans Before the COVID Suspension Is Lifted

By Bill Fay | October 28, 2020

If you are paying on a federal student loan, you probably already know that the government CARES Act has provided benefits that suspends payment and interest requirements through December 31.…

Campaign buttons for Trump and Biden

Trump vs. Biden: How Their Plans for Student Loan Debt Compare

By Bill Fay | October 16, 2020

Americans with student loan debt have a $1.6 trillion question on their minds: What would President Trump or a President Biden do about all that money these 45 million borrowers…

Stack of medical bills

How to Handle Medical Debt While Unemployed

By Maureen Milliken | October 7, 2020

Americans were already struggling with medical debt before the COVID-19 pandemic, and, largely because of record-setting unemployment in the last six months, the issue is expected to get worse. About…

Trump and Biden looking at each other

How Biden & Trump Tax Policies Compare

By Max Fay | October 2, 2020

The gap between the presidential candidates on tax programs is Grand Canyon-esque. And that may understate it. President Donald Trump wants to continue the 2017 tax cut, which his campaign…

Gavel on table

Court Ruling Favors Student Loan Bankruptcy Discharge

By Bill Fay | October 2, 2020

There hasn’t been much good economic news in 2020, but if you’re buried in student loans, there was an astoundingly positive development recently. Thanks to a recent court ruling, you…

Woman applying for a new credit card on her computer

Should I Apply for a New Credit Card During COVID?

By Bill Fay | September 24, 2020

The COVID-19 pandemic has created record unemployment, erased profit margins, closed businesses and wreaked havoc on almost every family’s money outlook. It has even affected America’s ultimate get-out-of-jail financial symbol…

Sign for VA office

VA Extends COVID-19 Debt Relief to Veterans Through 2020

By Bill Fay | September 15, 2020

Veterans indebted to the Department of Veterans Affairs won a partial payment reprieve this summer that will last at least through the end of 2020. The VA action extends a…

Paperwork to defer payroll tax

Payroll Tax Deferral: Is It Worth It?

By Max Fay | September 11, 2020

Many American businesses are disregarding President Trump’s order allowing them to temporarily stop withholding Social Security taxes from their employees’ paychecks. The plan, they say, is confusing and won’t produce…

Cut credit card

12 Easy Ways to Cut Your Expenses

By Maureen Milliken | September 4, 2020

Household debt in the U.S. was a record $14.20 trillion for the first quarter of 2020, which seems like a lot of debt and it is. If you stacked that…

Sources:

  1. Horsh, AJ (2020, October 9) Lost Your Job and Health Insurance? Here Is What You Need to Know. Retrieved from https://www.cnbc.com/2020/10/09/lost-your-job-and-health-insurance-here-is-what-you-need-to-know-.html
  2. Abelson, R. (2020, October 9) Workers With Health Insurance Face Rising Out-of-Pocket Costs. Retrieved from https://www.nytimes.com/2020/10/08/health/health-insurance-premiums-deductibles.html?searchResultPosition=1
  3. N.A. (ND) Medicaid & Chip Coverage. Retrieved from https://www.healthcare.gov/medicaid-chip/getting-medicaid-chip/
  4. McKelvy, M. (2014, October 4) Can a Health Insurance Company Drop Me Without Notice? Retrieved from https://www.insurancelibrary.com/health-insurance/can-a-health-insurance-company-drop-you-without-notice
  5. Miller, M. (2018, August 6) How to Cancel Your Health Insurance Plan – The Steps to Take. Retrieved from https://www.firstquotehealth.com/health-insurance-news/cancel-health-insurance-plans
  6. Davis, E. (2020, March 9) Lost Your Health Insurance? Not Open Enrollment? What Now? Retrieved from https://www.verywellhealth.com/lost-your-health-insurance-not-open-enrollment-what-now-1738557