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Tag: COVID-19

Forbearance During Coronavirus Might Prevent You From Getting a New Mortgage or Refinance Loan

Forbearance During Coronavirus Might Prevent You From Getting a New Mortgage or Refinance Loan

Under the federal Coronavirus Aid, Relief, and Economic Security (CARES) Act, homeowners with federally backed mortgage loans who’ve been affected by COVID-19, regardless of delinquency status, can get a forbearance. Also, even if you don’t have a federally backed mortgage loan, your lender might agree to a forbearance plan. Under the CARES Act, any loan that’s in forbearance must be reported as “current” on credit reports, so long as the borrower wasn’t already delinquent on payments at the time of…

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Coronavirus: Employers Can Now Inspect I-9 Documents Remotely

Coronavirus: Employers Can Now Inspect I-9 Documents Remotely

In response to the COVID-19 pandemic, the Department of Homeland Security (DHS) has announced that employers can now remotely inspect workers’ identity and employment authorization documents for Form I-9 purposes. Form I-9 is used to verify each newly hired employee’s legal right to work in the United States. Ordinarily, an employer (or authorized representative) must conduct an in-person review of these documents. The government has made clear that remote inspection is a temporary measure and available only to employers who…

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Your Credit Card Company Is Probably Checking Your Income

Your Credit Card Company Is Probably Checking Your Income

With millions of people out of work due to the coronavirus (COVID-19) outbreak, some Americans are using more of their existing credit lines. Anxious lenders are worried about repayment, and many credit card issuers are trying to figure out who still has a job so they can decide whether to let consumers keep spending or reduce their credit limit. How Creditors Find Out About Your Job and Income Lenders and creditors verify employment and income when consumers apply for loans…

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How to Review Your Credit Reports Weekly During the Coronavirus Crisis

How to Review Your Credit Reports Weekly During the Coronavirus Crisis

Frequently accessing and monitoring your credit information is especially important when you’re having trouble paying your bills. If you’re among the millions who’re now getting a reduced income—or are out of work altogether—due to coronavirus (COVID-19), you should review your credit reports often so you can take steps to try to preserve your credit score. Under the Fair Credit Reporting Act, you get the right to receive a free copy of your credit report from each of the three major…

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Find Your State’s Official COVID-19 Website

Find Your State’s Official COVID-19 Website

All states have an official COVID-19 website. These official websites are one of the best places to start your search for local coronavirus-related information, statistics, aid, and resources. Many of these state websites also allow you to sign up for daily or regular email news updates about the status of the virus in the state. Click on your state below to be directed to its official website. Alabama Arizona Alaska Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia…

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