Millions of Americans have started receiving stimulus checks as part of the $1.9 trillion American Rescue Plan meant to help the U.S. economy continue its recovery from a recession induced by the COVID-19 pandemic. Although the legislation was only signed into law by President Biden two weeks ago, economist Hugh Johnson says the measure is…
VA is extending debt relief for Veterans through September 30, 2021, due to the COVID-19 pandemic. VA will suspend collection of all Veteran benefit overpayments incurred between April 6, 2020, and September 30, 2021.No adverse actions or collection attempts will occur during this suspension period. Additionally, all copayments for medical care and pharmacy services incurred…
Lockdown has thrown many challenges our way. Whether its a change in income, reduced working hours or being furloughed, millions have had to adapt to new circumstances. Unfortunately, this has caused many to worry about their finances particularly those repaying credit. The good news is, there are a number of ways you can make your…
Borrowers defrauded by their schools could see all of their direct federal student loans canceled. Credit: Getty Images/iStockphoto Last week, the Department of Education announced a change that waslargely summarized as the cancellation of $1 billion in student loan debt. The announcement garnered attention because of the Biden administrations past discussion of student debt forgiveness.…
Editorial Independence We want to help you make more informed decisions. Some links on this page clearly marked may take you to a partner website and may result in us earning a referral commission. For more information, see How We Make Money. Sometimes it actually does make sense to put all of your eggs in…
The sooner you begin, the more time you have to save. So start today. Living a debt-free life is one of many peoples dreams, but most dont get to achieve it for reasons as simple as not knowing how. In this article, lets look at verified and straightforward ways of saving, paying off loans and…
If you’re struggling to keep up with bills and you feel like you’ll never be able to repay your debts without some outside help, there are plenty of companies who will assist you. In fact, entire industries and financial products have been built around helping people consolidate debt or settle for less than they owe.…
The pandemic has propelled debt distress to the forefront of the policy agenda. A series of debt defaults in developing countries has occurred in 2020. 2021 could see a lot more defaults as more low- and middle-income countries are running out of fiscal and monetary capacity while they still confront the health and economic challenges…
Borrowers defrauded by their schools could see all of their direct federal student loans canceled. Credit: Getty Images/iStockphoto Last week, the Department of Education announced a change that waslargely summarized as the cancellation of $1 billion in student loan debt. The announcement garnered attention because of the Biden administrations past discussion of student debt forgiveness.…
The year 2020 changed life for families across the globe. Amid major adjustments like working from home, virtual schooling and new healthcare precautions, there was another area where Americans experienced change. The Covid-19 pandemic altered credit card habits for consumers nationwide. During a year when millions were stuck at home and unemployment rates reached a…