With Another Stimulus Check Looking Less Likely, Here Are Steps To Take Now If You Need Financial Relief

Senator Ben Cardin has said the next round of coronavirus relief should be focused on households hit the hardest by the recent economic downturn, as reported by The Hill, but it’s unclear how many Americans would be included in the relief. Senator Ron Wyden supports another round of stimulus payments, but is now prioritizing other policies, like expanding unemployment benefits and assisting small businesses, over direct payments. Both senators are members of the Senate Finance Committee.

Now, with Democrats exploring other options for relief, it’s even more unclear if more direct payments will be made or to whom they will be sent.Over 40 million Americans have filed for unemployment For example, major utility companies such as Comcast and Duke energy are offering waived late fees or are promising not to disconnect services due to nonpayment during the pandemic.for customers who can’t pay their bills, which may include deferred payments and waived late fees.

Although they aren’t covered in the CARES Act, some private companies have stepped up and offered their own forbearance periods. For example,, including Discover Student Loans, SoFi and CommonBond. About 80% of credit unions are now offering some form of new loan for their members in response to the coronavirus crisis. Many of these new loans are waiving origination and prepayment fees, and some are offering no payments or interest for 90 days. Although credit unions require borrowers to become members, joining some credit unions can be as easy as making a small donation to one of the credit union’s supported charities.

File for bankruptsy before your bank does ?

it not likely

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The GOP doesn't want more stimulus checks. How that could changeWill Republicans get behind the idea of a second round of stimulus checks? They might, due to pressure from the president and the fact that more Americans are careening toward financial disaster. Riot has completely silenced the coronavirus. Mitch Mconnell 🙄 No chance we will get behind another round of stimulus!
Source: CNBC - 🏆 12. / 72 Read more »

‘My daughter’s bank said she received three additional $1,200 stimulus payments.’ How does she return them?‘I thought I’d heard all of the bizarre stories about stimulus checks, but your letter proved me wrong.’ Good. But the system by which the stimulus checks are being handed out is ridiculously bad. Wall street need to return theirs first! No problem, I'll set up a portal that the IRS can use to track the return. If they have any questions, they can check the FAQ.
Source: MarketWatch - 🏆 3. / 97 Read more »

What you need to know about the coronavirus right nowHere's what you need to know about the coronavirus right now: It’s over now. Haven’t you seen all the peaceful protesters looting, burning and assaulting people? Propaganda as there is NO COVID as it has NEVER been ISOLATED. Funny how now it is called Coronavirus, which comes from dogs, does exist as a mild cold. COG - Coronavirus: Fearmongering of the Populace
Source: Reuters - 🏆 2. / 97 Read more »

22% of millennials used their stimulus check to pay off credit card debt—here's how that could improve your credit score22% of millennials used their stimulus check to pay off credit card debt. CNBC Select takes a look at how that could improve your credit score. etradelinepro Me too
Source: CNBC - 🏆 12. / 72 Read more »