Lenders and Creditors Are Stepping Back While the Coronavirus Outbreak Goes On

Lenders and Creditors Are Stepping Back While the Coronavirus Outbreak Goes On

With millions of people out of work in the U.S., mortgage lenders are getting inundated with calls from people seeking help. And some of those who are struggling have started relying on their credit cards more and more to cover basic expenses. In response, many anxious lenders and creditors are taking a step back in different areas. It’s now become much harder to get a mortgage or a refinance loan. Credit card companies, too, are turning down new applications that,…

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Lawyers Organize to Help Low-Income Persons Needing Legal Help During Pandemic

Lawyers Organize to Help Low-Income Persons Needing Legal Help During Pandemic

Hiring a lawyer when one is already financially stressed can feel like the classic Catch-22. To make yourself financially whole, you need to pursue a claim; perhaps for unemployment or medical benefits, to contest an eviction or unlawful job termination, or something else; but the very stress you’re under makes paying a lawyer an impossible prospect. And since the start of the COVID-19 or coronavirus pandemic, people have definitely been under real and imminent forms of financial stress. Fortunately, attorneys…

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Why—and How—You Should Review Your Credit Reports Weekly During the Coronavirus Crisis

Why—and How—You Should 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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CALIFORNIA ORDERS INSURANCE COMPANIES TO ISSUE REFUNDS

CALIFORNIA ORDERS INSURANCE COMPANIES TO ISSUE REFUNDS

Insurance companies set their premium rates according to the risk that a claim will result. That’s why premiums for teenage drivers are more expensive than those for 50-year olds (kids have more accidents); and it’s why you’ll pay less if you drive 1,000 miles per year instead of 10,000. That simple equation (the higher the risk, the bigger the premium) wasn’t lost on California’s Insurance Commissioner, who issued a bulletin on April 13, 2020, directing companies doing business in California…

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