The Latest Debt & Finance Blog

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…

Man deciding whether to consolidate his debt

It’s a Great Time to Consolidate Credit Card Debt

By Max Fay | August 27, 2020

If you’re considering a consolidation loan to sweep away credit card debt and lower your monthly interest payments, do it! There couldn’t be a better time. All you need is…

Workers lined up for unemployment during the COVID-19 pandemic

$300 Federal Unemployment Benefits

By Bents Dulcio | August 27, 2020

If you are unemployed and your job prospects are grim, March 11th was probably one of the better days you’ve had during the pandemic. That was the day federal unemployment…

For sale sign in front yard of house

Coronavirus and the Real Estate Market

By Bill Fay | August 14, 2020

Dorothy surely wasn’t thinking of life in a COVID-19 pandemic when she clicked those heels in the “Wizard of Oz” and opined that ‘there’s no place like home.’ But her…

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. The US…

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…

Sources:

  1. N.A. (2020, July 16) VA Suspends Collection of Benefit, Healthcare Debt. Retrieved from https://www.fedweek.com/armed-forces-news/veterans-eligible-for-debt-relief/
  2. Sisk, R. (2020, July 14) VA Partially Suspends Debt Collections on Veterans Through End of Year. Retrieved from https://www.military.com/daily-news/2020/07/14/va-partially-suspends-debt-collections-veterans-through-end-of-year.html
  3. N.A. (2020, July 9) VA Offers Debt Relief to Veterans Through Year’s End. Retrieved from https://www.va.gov/opa/pressrel/pressrelease.cfm?id=5485
  4. N.A. (2020, July 30) Pappas Bill to Reform VA Debt Collection Passes Committee with Unanimous, Bipartisan Vote. Retrieved from https://pappas.house.gov/media/press-releases/pappas-bill-reform-va-debt-collection-passes-committee-unanimous-bipartisan