The Latest Debt & Finance Blog

Graduated students with the burden of debt

Handling Student Loans During the Pandemic

By Bents Dulcio | August 12, 2020

COVID-19 has put a plug in the nation’s cash flow, forcing graduates to dig deeper into their pockets if they want to avoid drowning in student loan debt. Fortunately, the…

Senator Mitch McConnell at a podium

Details on the HEALS Act

By Bill Fay | August 5, 2020

Congress and the White House are still debating whether the HEALS Act, HEROES Act – or some compromise Act in between – will deliver the next round of coronavirus relief…

Document titled Unemployment Benefits

New Federal Unemployment Benefits Proposed in the HEALS Act

By Max Fay | July 27, 2020

If you’ve lost your job due to the coronavirus crisis, your unemployment benefits are likely to decrease very soon. It’s just a question of how much. That will be decided…

Nancy Pelosi at a podium

Details on the HEROES Act

By Bill Fay | July 21, 2020

When the House of Representative passed the $3-trillion HEROES Act on May 15, it all but guaranteed that a second stimulus check would arrive for Americans in need of financial help…

Bankruptcy court with COVID-19 sign

COVID-19 Bankruptcies

By Bill Fay | July 16, 2020

The storm is coming. American consumers will be filing personal bankruptcies in record numbers by the end of 2020. That is the projection from bankruptcy attorneys, bankers and other experts…

Image of the stimulus COVID-19 relief check distributed by President Trump

Stimulus Checks for COVID-19 Relief

By Bill Fay | July 1, 2020

The phrase “stimulus check” is second only to “coronavirus” or “COVID-19” as something to talk about these days and people are definitely talking. About 159 million Americans have received the…

Calendar with July 15 marked as tax day

Tax Season Countdown All Over Again

By Bill Fay | June 30, 2020

Everyone knows the old saying: Time flies when you’re procrastinating. Seems like only yesterday we were breezing past April 15 — the traditional deadline for income tax filing — and…

Second stimulus check being shredded

Republican Advisors Say No Need for Second Stimulus Check

By Bill Fay | June 16, 2020

Don’t plan on receiving and cashing a second COVID-19 stimulus check just yet. A group of 20 fiscal hawks, many of the close advisors to President Trump, sent Trump and…

Hazard sign with dollar sign on it

Hazard Pay for Essential Workers

By Max Fay | June 1, 2020

“You deserve hazard pay for that job!” All of us probably have either said that or someone said it to us, and it’s almost always a tongue-in-cheek expression of sympathy…

Illustration of bank providing relief for covid-19

Credit Card Relief for COVID-19

By Maureen Milliken | May 26, 2020

As the COVID-19 crisis drags on and unemployment spikes to unprecedented levels in the U.S., individual debt burdens can feel more overwhelming than ever. On top of it, as many…

Sources:

  1. N.A. (ND) Coronavirus and Forbearance Info for Students, Borrowers, and Parents. Retrieved from https://studentaid.gov/announcements-events/coronavirus
  2. Horch, A. (2020, July 16) How to avoid getting crushed with student loan debt during the pandemic. Retrieved from https://www.cnbc.com/2020/07/16/avoid-getting-crushed-with-student-loan-debt-during-the-pandemic.html
  3. Whistle, W. (2020, July 22) Three Things To Know About Student Loan Forgiveness During The Pandemic. Retrieved from https://www.forbes.com/sites/wesleywhistle/2020/07/22/three-things-to-know-about-student-loan-forgiveness-during-the-pandemic/#207b4bf3779c
  4. Whistle, W. (2020, August 10) Trump’s Executive Order Hurts Those Seeking Student Loan Forgiveness. Retrieved from https://www.forbes.com/sites/wesleywhistle/2020/08/10/trumps-executive-order-hurts-those-seeking-student-loan-forgiveness/#5151925d78c0